Richa Agrawal’s Post

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Director, Strategy Solution Pharmaceuticals, Neutraceuticals and MedTech

🌟🌟🌟 "Big news in oncology! Novartis teams up with Arvinas to advance an oral protein degrader for prostate cancer, investing $150M upfront and up to $1.01B in milestones. Additionally, Novartis initiates a $2.9B tender offer for MorphoSys. Exciting times ahead in cancer treatment! 🌟🌟🌟 #Novartis #Arvinas #MorphoSys #ProstateCancer #Oncology" Follow us for more.

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🔬 Exciting News in Oncology! 🔬   #Novartis announced an exclusive strategic partnership with #Arvinas to advance an #oralproteindegrader for #prostatecancer. Under the Arvinas deal, Novartis is putting up $150 million in aggregate upfront payments and pledging up to $1.01 billion in development, regulatory, and commercial milestones, plus tiered royalties.   Novartis will gain access to ARV-766, a best-in-class oral degrader for metastatic castration-resistant prostate cancer and lead the worldwide clinical development and commercialization of ARV-766 and Arvinas' preclinical AR-V7 program in #mCRPC. This partnership validates Arvinas' technology platform and demonstrates Novartis' commitment to advancing #proteindegradertechnology.   Meanwhile, Novartis' tender offer for its $2.9 billion acquisition of #MorphoSys has commenced. MorphoSys has until May 13, 2024, to accept the offer, which depends on conditions including a minimum acceptance threshold of 65%. The acquisition will strengthen Novartis' cancer franchise and expand its portfolio. #ProteinDegradation #ProstateCancer #Oncology #PharmaDeal #Partnership Novartis Arvinas MorphoSys   Detailed News: https://lnkd.in/dQ4t22j8   Follow our page for more industry updates: https://lnkd.in/de5zNWmK

Novartis Inks $1B Protein Degrader Deal with Arvinas, Begins MorphoSys Tender Offer | BioSpace

Novartis Inks $1B Protein Degrader Deal with Arvinas, Begins MorphoSys Tender Offer | BioSpace

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