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Novartis, Cytokinetics near merger: report

Clyde Edgerton by Clyde Edgerton
January 8, 2024
in Markets
Novartis, Cytokinetics near merger: report
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Novartis
NOVN,
+0.03%
is close to acquiring Cytokinetics Inc.
CYTK,
-3.57%
and its promising heart drug, according to a Wall Street Journal report Monday. A deal for South San Francisco-based Cytokinetics, which has a market value of about $9 billion, could be finalized as soon as this week, according to people familiar with the situation, the Journal reported. The potential price and other terms were not disclosed.



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