News Desk — April 9, 2018 at 6:36 am — Updated: April 9, 2018 at 6:36 am

Novartis shells out $8.7 billion to buy AveXis

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ZURICH (Reuters) – Novartis said on Monday it plans to buy AveXis for $218 per share in a cash deal totalling $8.7 billion (£6.1 billion) as the Swiss drugmaker adds a company whose top drug hopeful, for spinal muscular atrophy, has U.S. breakthrough therapy designation.

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