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Novartis Buys Selexys As Competitors Stumble In Sickle Cell

 
• By Sukaina Virji

Novartis has exercised its option to acquire Selexys in a deal worth up to $665m, following data from the Phase II SUSTAIN trial of SelG1 in sickle cell disease. The move follows several recent failures in the space.

Novartis AG has acquired US biotech Selexys Pharmaceuticals Corp., which has a sickle cell disease treatment in Phase II development, for up to $665m in upfront, acquisition and milestone payments.

The terms of the deal were agreed in 2012 when Novartis obtained an exclusive option to buy the Oklahoma City-based...

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