Novartis to pay up to $620 million for Corthera

Novartis is to acquire the privately held US biopharmaceutical company Corthera for $120 million upfront and up to $500 million in development and commercialisation milestones.

Novartis is to acquire the privately held US biopharmaceutical company Corthera for $120 million upfront and up to $500 million in development and commercialisation milestones.

Through the acquisition, Novartis will gain access to Corthera's lead product relaxin, a recombinant version of a naturally occurring peptide...

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