Novartis AG has jumped onto the M&A merry-go-round to pick up Chinook Therapeutics Inc., paying $3.2bn upfront to get hold of two late-stage drugs for the rare kidney disease IgA nephropathy (IgAN).
Novartis Aims To Fly High In Kidney Disease With Chinook Buy
Paying $3.2bn Upfront For Two Phase III IgAN Drugs
Buying Chinook will add a pair of late-stage programs to Novartis's IgAN portfolio which is currently headed by iptacopan but the proposed deal could attract the attention of the FTC.
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