Novartis has agreed to acquire Myricx Bio for up to $1.5 billion to enhance its oncology drug portfolio. The deal includes $1.1 billion upfront and potentially $400 million in additional payments. Myricx Bio is a UK-based biotechnology firm focused on developing a new class of antibody-drug conjugates that target tumor cells with unique cancer-killing mechanisms.

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https://www.wsj.com/health/pharma/novartis-to-buy-myricx-bio-for-up-to-1-5-billion-6e8ee865

Novartis to Buy Myricx Bio for Up to $1.5 Billion

Myricx Bio is developing new antibody-drug conjugates for fighting cancer

Aimee Look

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A view of the Novartis booth and logo at the BIO International Convention 2026. Novartis will pay $1.1 billion upfront for Myricx Bio, with up to $400 million in potential additional payments.Mike Blake/Reuters

Novartis NOVN-2.33%decrease; down pointing triangle said it agreed to pay up to $1.5 billion for Myricx Bio, in a bid to bolster its portfolio amid industry competition for oncology drugs.

The Swiss pharmaceutical company said it would purchase the privately held U.K.-based biotechnology firm, which is developing a new class of antibody-drug conjugates. Myricx Bio’s approach delivers differentiated cancer-killing mechanisms directly to tumor cells, Novartis said.

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Novartis to Buy Myricx Bio for Up to $1.5 Billion

Novartis to Buy Myricx Bio for Up to $1.5 Billion

Myricx Bio is developing new antibody-drug conjugates for fighting cancer

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