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Novartis to Acquire Calypso Biotech

Gains rights to CALY-002, a therapeutic antibody with potential in dermatology, gastro-intestinal and rheumatology indications.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Novartis AG has entered an agreement to acquire Calypso Biotech BV, a developer of Interleukin15 (IL-15) targeted therapies, for $250 million upfront upon closing and potential development milestones of up to $175 million.   Calypso, a spin-out from Merck, is focused on the research and development of monoclonal antibodies for an array of autoimmune indications, with an expertise in IL-15 biology. IL-15 is a broad, untapped immune axis that controls barrier function and downstream immune casca...

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