Novartis to acquire MorphoSys



Novartis is to acquire MorphoSys AG for €2.7 billion in cash in order to gain access to pelabresib, a late-stage drug for the treatment of myelofibrosis, a blood cancer caused by genetic abnormalities in bone marrow stem cells. The deal, announced on 5 February, unites two companies with a long history of collaboration in the development of antibody therapeutics.