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Confirming Rumors, Novartis Buys AAA To Boost Oncology Business

 
• By Sten Stovall

Integrating AAA will add to Novartis' expertise in diseases associated with neuroendocrine tumors and bring it a new technology platform for treating cancer.

Acquisition
Novartis' Planned AAA Buy Targets First-In-Class Radiopharmaceuticals • Source: Shutterstock

Novartis AG is using M&A to further develop and commercialize medicines for treating neuroendocrine tumors by buying France-based Advanced Accelerator Applications SA (AAA) in an all cash transaction valued at $3.9bn.

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