Branch2 Intelligence
Patent cliff fuels Novartis’ $1.5bn swoop for London biotech
Key takeaway
Novartis acquires London biotech Myricx Bio for up to $1.5bn to offset patent cliff losses.
- Step 1Novartis acquires Myricx Bio for $1.5bn to address patent cliff.
- Step 2Deal validates UK biotech innovation, attracting further Big Pharma M&A interest.
- Step 3Increased M&A activity boosts contract opportunities for UK CROs and CDMOs.
- Step 4UK SMEs in drug development supply chain see potential revenue uplift from expanded outsourcing.
Source: City AM
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