Novartis to acquire Tourmaline Bio in $1.4B all-cash deal

7 hours ago 1
Apprentice engineer in medical electronics machinery manufacturing factory

Monty Rakusen

Novartis (NYSE:NVS) to acquire Tourmaline Bio (NASDAQ:TRML) for $48.00 per share in cash, or a total equity value of approximately $1.4 billion.

The transaction reflects the potential of Tourmaline’s pacibekitug, a long-acting, fully-human, anti-IL-6 monoclonal antibody with best-in-class potential, for the treatment of cardiovascular

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