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.
Jaguars acquire RB Hyde from Browns in trade for draft pick
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.
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.
He was also prohibited from any receiving guest beside his team of lawyers, a move which effectively cut him off from the world. Assange's lawyer Baltasar Garzon said the demands regarding the cat are "denigrating".
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.
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.
They posted the eerie sounds online , along with a Geophysical Research Letters report on their greater research. This means it is more important than ever that we keep a vigilant eye on any major changes in ice shelves.
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.
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.
The country has deployed 500 federal officers to the border city of Tapachula, where migrants are expected to arrive next week. In Guatemala City, where migrant shelters filled with people, waves of people departed at daybreak on roads leading to Mexico.
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.
Arab allies have rallied to Riyadh's support, but Western pressure has intensified on Saudi Arabia to provide convincing answers. King Salman has ordered Crown Prince Mohammed bin Salman to lead the charge of revamping the country's intelligence services.
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.
Prince Harry & Meghan Markle Go Barefoot At The Beach
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.