Novartis expands immuno-oncology presence

Share this article:
Novartis announces good heart drug results
Novartis announces good heart drug results

Novartis is seeking to flex its immuno-oncology muscle. The company announced Monday that it has purchased the privately held biotech CoStim Pharmaceuticals. The company did not reveal the cost, but said in a statement that the deal adds several late-stage immuno-oncology treatments to its portfolio.

Despite a series of internal reshufflings, and the recent news that the company is determined to pare back pharmaceutical division flab, Novartis has also made itself a stealth player in the immuno-oncology space, particularly among CDK-4/6 inhibitors. Although Pfizer's palbociclib has the name recognition, analyst discussions surrounding the drug note that Novartis's experimental project is equally, if not more, intriguing than Pfizer's pipeline treatment.

The company called out one component of the CoStim pipeline it had just purchased: a PD-1 therapy, which hints at a deep dive into the same space as Merck, AstraZeneca, Roche and Bristol Myers Squibb. The category's potential reach is expansive, and PD-1s are being tested in lung, skin and kidney cancers, among others.

Share this article:

Email Newsletters

More in News

BMS Q2 sales slip, Eliquis, Yervoy soar

BMS Q2 sales slip, Eliquis, Yervoy soar

The company attributed part of the Eliquis boost to the BMS-Pfizer DTC and education efforts.

Gilead, Merck HCV marketing battle may be on horizon

Gilead, Merck HCV marketing battle may be on ...

Disclosed in its earnings report yesterday, Gilead may have a card up its sleeve to counter Merck's experimental hep. C combo regimen.

Sales of Biogen MS pill pick up overseas

Sales of Biogen MS pill pick up overseas

Biogen Idec is seeing strong sales for blockbuster MS drug Tecfidera, especially overseas where it's beginning to catch fire this summer.