Seeking Alpha

Novartis in talks to buy stem-cell firm for up to $600M

  • Novartis (NVS) is in advanced negotiations to acquire Israeli stem-cell treatments developer Gamida-Cell for up to $600M, Israel's Globes reports.
  • Novartis would pay hundreds of millions of dollars up front and the rest in milestones for the company, which develops therapies for a variety of conditions, including blood cancers and solid tumors.
  • Gamida shareholders Elbit Medical and Clal Biotechnology confirmed that a sizable offer had been made, but didn't disclose the suitor. Another investor is Teva (TEVA).
  • While talks are advanced, Gamida hasn't ruled out the prospect of an IPO in New York instead, although the firm's valuation in a listing would be lower.
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  • mikebrom
    , contributor
    Comments (25) | Send Message
     
    long $ACTC $BTX $KOOL $STEM $BCLI $CUR
    18 Mar 2014, 12:56 PM Reply Like
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