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Novartis to buy Tourmaline Bio for $1.4 billion
诺华诺华(US:NVS) The Economic Times·2025-09-10 03:22

That's a premium of about 60% to Tourmaline Bio's closing price of about 30onMonday.TourmalineBiostockroseasmuchas5730 on Monday. Tourmaline Bio stock rose as much as 57% in premarket trading on Tuesday, with the shares trading just under the offer price at 47.25. Novartis fell slightly in early trading. Novartis has been on the hunt for acquisitions that could boost its sales beyond 2025. The company is facing competition from cheap generics later this year for three key drugs, including its top-selling heart medicine Entresto. In April, the comp ...