News Desk — April 9, 2018 at 7:06 am — Updated: April 9, 2018 at 7:06 am

Novartis pays big premium to get hands on AveXis in $8.7 billion deal

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ZURICH (Reuters) – Novartis plans to buy AveXis for $218 per share in a $8.7 billion (£6.17 billion) cash deal, adding a therapy hopeful for spinal muscular atrophy (SMA) to the Swiss drugmaker’s pipeline that is expected to reap billions in annual sales.

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