Novartis to Acquire Myricx Bio in Up to $2.9B Deal to Expand ADC Cancer Pipeline
- Jul 16
- 1 min read
Basel, Switzerland, July 6, 2026 (Novartis) -- Novartis has agreed to acquire Myricx Bio in a deal valued at up to $2.9 billion. The acquisition adds Myricx Bio’s next-generation antibody-drug conjugate (ADC) technology, including its novel NMTi payload platform, to strengthen Novartis’ oncology pipeline. The transaction is intended to broaden treatment options for cancer patients and reinforce Novartis’ position in targeted cancer therapies.
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