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Novartis to buy France's CellforCure to boost cell, gene therapy

Reuters

ZURICH, Dec 20 () - Novartis is to buy French contract manufacturer CellforCure from biologics company LFB to boost the Swiss drugmaker's capacity to produce cell and gene therapies such as its $475,000 Kymriah cancer treatment.

Novartis, which already has an agreement with CellforCure to help make Kymriah, said it aims to add CellforCure's facilities to a similar factory in Morris Plains, New Jersey, as well as one under construction in Switzerland. Terms of the cash deal were not given.

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ZURICH, Dec 20 () - Novartis is to buy French contract manufacturer CellforCure from biologics company LFB to boost the Swiss drugmaker's capacity to produce cell and gene therapies such as its $475,000 Kymriah cancer treatment.

Novartis, which already has an agreement with CellforCure to help make Kymriah, said it aims to add CellforCure's facilities to a similar factory in Morris Plains, New Jersey, as well as one under construction in Switzerland. Terms of the cash deal were not given.


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Reuters

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