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Adds enabling technology platforms and therapeutic candidates for neuromuscular diseases.
November 21, 2024
By: Kristin Brooks
Managing Editor, Contract Pharma
Novartis has acquired Kate Therapeutics, a San Diego-based, preclinical stage biotechnology company focused on developing adeno-associated virus (AAV)-based gene therapies to treat neuromuscular diseases, in a transaction valued at $1.1 billion, comprising an upfront payment and potential additional milestone payments. Kate Therapeutics’ primary programs include preclinical candidates for Duchenne muscular dystrophy (DMD), facioscapulohumeral dystrophy (FSHD), and myotonic dystrophy type 1 (...
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