The $24-per-share offer - around $8.50 above Endocyte's closing share price yesterday - has the backing of the biotech's board, but still needs the approval of its shareholders.
Novartis has agreed another bolt-on deal to boost its pipeline, buying nuclear medicine firm Endocyte for $2.1bn as it raised its sales forecasts for the year on a strong third quarter.
Closing of the transaction is subject to customary closing conditions, including the approval of Endocyte's stockholders and receipt of regulatory approvals.
The West Lafayette, Ind. -based company is now conducting clinical trials for radiopharmaceuticals-essentially, radioactive drugs that help diagnose and target tumors-that could be used to treat men with metastatic castration-resistant prostate cancer.
"We are thrilled that Novartis recognizes the potential for 177Lu-PSMA-617 to change the treatment landscape for men with metastatic castration-resistant prostate cancer (mCRPC), as well as the broader role that RLTs may potentially play in the treatment of cancer", Endocyte CEO and president Mike Sherman said in the press release. The company is based in West Lafayette, Indiana.
Migrant Caravan Masses Near Mexican Border
But the caravan is just the most visible face of ongoing migration, which happens regularly with less public work with smugglers. Mexico's peso weakened more than 1.5 percent against the dollar on Thursday, partly driven by Trump's comments, analysts said.
It is now being investigated in the Phase III global VISION clinical trial in men with mCRPC.
If completed, the Endocyte acquisition would expand the Novartis RLT platform with both a potential near-term product launch and early-stage clinical development programs.
"The proposed acquisition of Endocyte builds on our growing capability in radiopharmaceuticals, which is expected to be an increasingly important treatment option for patients and a key growth driver for our business", noted Liz Barrett, chief executive of Novartis Oncology. AAA's radiopharmaceutical drugs are used to diagnose and treat cancer and other diseases.
Novartis also reported its third-quarter earnings Thursday, which showed net group sales grew 6% to CHF12.8 billion in Q3 2018, from CHF12.4 billion a year earlier.
According to leaks on China's Weibo , the 6T will have an optical sensor that means a 2D scan of fingerprints. But the OnePlus 6 has proved to be a worthy competitor for Pixel devices in terms of camera performance.
A MAN has died from an extremely rare virus dubbed "Squirrel Disease" after reportedly eating the brains of a dead squirrel. Of the five cases detailed in their report, however, two were eventually confirmed not to be CJD after all.
During an interview, AR Murugadoss said, "When we see two dinosaurs fight, there will be one that we want to see winning". The teaser starts off with the unbelievable visuals of Paris followed by a brief description about Vijay's character.
Per Adam Schefter of ESPN , the Cleveland Browns are trading starting running back Carlos Hyde to the Jacksonville Jaguars . Johnson will return to his role of 2017, when he topped 1,000 yards rushing and receiving and led the Browns in touchdowns.
Three of the four public funds had also supported another proposal that sought to remove Zuckerberg as chairman previous year . The proposal is slated for a vote at Facebook's annual shareholder meeting in May 2019.
Once you have it up and running, Alexa will automatically whisper responses back to you, depending on if you're whispering or not. Incoming audio signals are broken into ultrashort snippets, and the long short-term memory network processes them in order.
After cops arrived, Jenelle , 26, reportedly declined to ride in the ambulance and instead had a friend drive her to the hospital. Just like she mentioned in the call, Jenelle underwent surgery not too long ago - Septoplasty and Balloon Sinusplasty.
Pitching in 82-degree sunshine, Kershaw was well-rested and masterful in allowing one run and three hits over seven. The worst-case scenario is that we head into a Red Sox-Dodgers World Series with open questions still unsettled.
The iPhone XR will support gestures as Apple has bid adieu to the home button for its entire line-up for the first time. Apple enthusiasts in India are in for some treat this festive season with the company launching its latest iPhone XR .
The Duke and Duchess of Sussex are winning over hearts and minds on their first overseas royal tour together. Prior to going public with her relationship with Harry in late 2016 Meghan was a prolific social media user.
Emery wants more as Arsenal eye flawless 10
If they decided we are going to play Monday we don't stop to think if it is better to play Monday or not. I want every player to stay OK, with the mentality to prepare, to play and [be] together to win.
NOAA Predicts Mild Michigan Winter Ahead
Precipitation is expected to be above normal across the southern tier of the United States , extending up into the Mid-Atlantic. Northern Florida and southern Georgia have the greatest odds for above-average precipitation during the winter, the NOAA said.
Mystery of Jamal Khashoggi’s disappearance: Story so far
Khashoggi has been missing since last Tuesday when he entered the Saudi consulate in Turkey to obtain paperwork so he can remarry. Secretary of State Mike Pompeo walks with Saudi Foreign Minister Adel al-Jubeir in Riyadh, Saudi Arabia , Tuesday Oct. 16, 2018.
Red Sox beat Astros to reach World Series
Price's fastball/changeup combination was what kept the Astros lineup from scoring a run during his outing. What the scoreboard says: The final score was 8-6, giving Boston a 3-1 lead in the best-of-seven series.
13 dead, 50 wounded in explosion at Russia's Crimean college
The Telegram channel 112 identified the man as Vladislav Roslyakov, an 18-year-old fourth-year student of the polytechnic college. Yelena Palyuchkina, a teacher who helped evacuate students, said there was "not total panic" at the time of the attack.