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Novartis Acquires CoStim

Expands cancer immunotherapy, adds immune-modulating targets and technology

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

Novartis has acquired CoStim Pharmaceuticals Inc., a Cambridge, MA-based, privately held biotechnology company focused on harnessing the immune system to eliminate immune-blocking signals from cancer. The move is intended to broaden Novartis’ cancer immunotherapy research program. Novartis will add late discovery stage immunotherapy programs directed to several targets, including PD-1. Financial terms are not disclosed. “Therapy for many types of cancers are expected to increasingly...

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