Sunday, 18 November, 2018

Novartis To Buy Endocyte In $2.1B Deal (NASDAQ:ECYT)(NYSE:NVS)

Novartis CEO Vas Narasimhan Novartis CEO Vas NarasimhanReuters
Delores Daniels | 20 October, 2018, 14:26

Novartis AG agreed to buy U.S. drugmaker Endocyte Inc. for $2.1 billion, snapping up a potential blockbuster therapy for prostate cancer and helping to fill out a treatment area targeted by the Swiss pharmaceutical giant.

The company said it would acquire Endocyte, headquartered in West Lafayette, Indiana, for $2.1 billion, or $24 per share.

Novartis hopes to be able to push forward the development of its investigational therapy 177Lu-PSMA-617 for use in earlier lines of prostate cancer therapy.

Jose Mourinho won't 'celebrate like crazy' if Man United win at Chelsea
Sarri also claimed Manchester United had the best squad of talent in the Premier League. But I think, also, that you all have to respect him.

Novartis plans to acquire Endocyte, a biopharmaceutical company, to accelerate the development of innovative radioligand technology for treating cancer. In the transaction, Endocyte would be merged with a newly formed subsidiary of Novartis.

Data from a Phase II study of the drug presented in a poster in June at the American Society of Clinical Oncology's annual meeting indicated that of the 50 patients receiving Lu-PSMA-617, 62 percent had a greater than 50 percent reduction in their prostate-specific antigen levels, while 44 percent of patients had a PSA reduction of 80 percent or more.

There are now scant options for men with mCRPC and Novartis hopes to be able to meet the need of this group of patients.

Manchester United Fined, Jose Mourinho Warned By UEFA
Sarri was not prepared to comment on Mourinho's tactics, which are often perceived to be negative. "The focus is he is able to win".

"Note a below-average reaction time at the business development department considering that the Endocyte market cap was at $110 million only 12 months ago", Baader Helvea's Bruno Bulic said.

Novartis announced plans to purchase United States cancer drug specialist, Endocyte, earlier Thursday. Today's announcement about the proposed acquisition of Endocyte builds on our growing capability in radiopharmaceuticals, which is expected to be an increasingly important treatment option for patients and a key growth driver for our business. AAA's radiopharmaceutical drugs are used to diagnose and treat cancer and other diseases. If it is approved, it would close during the first half of next year. Novartis plans to fund the acquisition with available cash.

Julian Assange launches legal action against Ecuador
He was also prohibited from any receiving guest beside his team of lawyers, a move which effectively cut him off from the world. A statement said: "Ecuador's measures against Julian Assange have been widely condemned by the human rights community".

Recommended

  • Varadkar: Brexit extension not an alternative to legally binding Irish backstop

    Varadkar: Brexit extension not an alternative to legally binding Irish backstop

    She agreed to consider extending our transition out of the European Union by "a matter of months" if it helps clinch a deal. When May first requested the transition period, she said it should be limited to a period of about two years.
    China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

    China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

    But the slowdown has been deeper than expected, prompting Chinese leaders to reverse course and encourage banks to lend. Analysts polled by Reuters had expected the economy to expand 6.6 percent in the July-September quarter.
    Setting off to Mercury with BepiColombo — ESA Euronews

    Setting off to Mercury with BepiColombo — ESA Euronews

    The ambitious BepiColombo spacecraft will be launched from a European space port in French Guiana early Saturday. NASA's Mariner 10 took the first high-quality images of Mercury during its three flypasts in 1974 and 1975.
  • Facebook to educate users on protection of accounts

    Facebook to educate users on protection of accounts

    Facebook is eyeing spammers as being the culprits behind its recently disclosed mega-breach, The Wall Street Journal reports. These security tokens could be used to access the accounts and, hence, personal details of the victim users.
    The curious case of the ‘singing’ Antarctic ice shelf

    The curious case of the ‘singing’ Antarctic ice shelf

    The Ross Ice Shelf in Antarctica it is emitting tones reminiscent of a didgeridoo, or the drone of a horror film soundtrack. But if we deployed seismic sensors on more ice shelfs, you could observe subtle environmental changes, in minutes.
    Greek foreign minister resigns, prime minister takes over

    Greek foreign minister resigns, prime minister takes over

    However, this disagreement risk to bring down the coalition government of Alexis Tsipras , who has only a slight majority. Media reports suggested Kotzias and Defence Minister Panos Kammenos rowed at a cabinet meeting on Tuesday over the deal.
  • Pair face ten years in Thai jail over 'Scouser' graffiti

    Pair face ten years in Thai jail over 'Scouser' graffiti

    She said she plans to fly to Thailand to support her daughter while she awaits trial. "They admitted to the crime", Police Major Anon Cherdchutrakulthong told Reuters .
    Saudis confirm journalist Jamal Khashoggi was killed inside consulate

    Saudis confirm journalist Jamal Khashoggi was killed inside consulate

    Many lawmakers harbor a distrust of the kingdom dating to its connection to the September 11 attacks. Republican and Democratic lawmakers, however, rejected Saudi Arabia's account on Friday evening.
    Chief Justice Stresses Independence in MN Speech

    Chief Justice Stresses Independence in MN Speech

    He said that on Justice Kavanaugh's first day, none of the justices overlapped on questioning, and opening arguments were sharper. He repeated his opposition to cameras, saying he doesn't think they would help the court in its essential job of deciding cases.
  • Khashoggi: Saudi crown prince sacks aides

    Khashoggi: Saudi crown prince sacks aides

    Trump has also openly cautioned against actions that would risk USA business interests, including billions in arms sales. Denying the accusations for weeks, Saudi Arabia finally admits the journalist was killed inside its Istanbul consulate.
    Imf Chief Postpones Middle East Trip With Saudi Stop

    Imf Chief Postpones Middle East Trip With Saudi Stop

    Turkish officials allege that he was murdered by a team of Saudi operatives, but Riyadh has fiercely denied the claim. He was last seen on October 2 when he entered the Saudi consulate in Istanbul.
    IPhone XR release tomorrow as Apple prices and deals revealed

    IPhone XR release tomorrow as Apple prices and deals revealed

    The XR will also be available in 128GB and 256GB storage variants priced at Rs 81,900 and Rs 91,900, respectively. The iPhone XR comes in five colours: Black, white, yellow, coral and a special edition that comes in red.

Wentworth by-election: Kerryn Phelps, Dave Sharma meet on polling day Wentworth by-election: Kerryn Phelps, Dave Sharma meet on polling day Dr Phelps described her victory as a " David and Goliath struggle" and a "great moment for Australian democracy". Mr Sharma candidate told reporters he'd taken advice from former prime minister Malcolm Turnbull in recent days.

Netflix Cancels "Luke Cage" After Two Seasons Netflix Cancels This reduces the original Defenders to Jessica Jones , The Punisher , and Daredevil , whose third season just made its debut. According to reports, Netflix isn't thinking twice about bringing " Luke Cage " back for a third season.

Tottenham boss Pochettino eyeing two stars outside Premier League Tottenham boss Pochettino eyeing two stars outside Premier League Jan Vertonghen is a little bit longer. "We tried to sign and but we could not achieve what we need or what we want", he said. It meant that Spurs became the first Premier League club to end the summer transfer window without making a signing.

Unhappy Bayern Munich lash out against media coverage Unhappy Bayern Munich lash out against media coverage He said: "Whenever [Bayern] played against Arsenal , we played over him because we knew that was their weak point". I am not sure if there are different laws for football, at least in certain media.

Cardi B fans swarm Brooklyn for coat giveaway Cardi B fans swarm Brooklyn for coat giveaway About three weeks earlier, Cardi B and Nicki Minaj were involved in an altercation at a New York Fashion Week party. As temperatures begin to drop in New York City, rapper Cardi B is giving back to her community.

US, Chinese Defense Chiefs Meet in Effort to Improve Ties US, Chinese Defense Chiefs Meet in Effort to Improve Ties Tabletop exercises between ASEAN and China were held in Singapore in August to prepare for next week's drills. But even with the existing guidelines, tensions remain, especially in the hotly contested South China Sea.

MASSIVE: Sarkar Teaser Runtime Revealed! MASSIVE: Sarkar Teaser Runtime Revealed! During an interview, AR Murugadoss said, "When we see two dinosaurs fight, there will be one that we want to see winning". Sarkar teaser starts with a voice-over of Varalaxmi Sarathkumar introducing Vijay as a corporate monster.

Meghan Markle compares pregnancy to jet lag Meghan Markle compares pregnancy to jet lag Harry and Meghan laid a wreath as did other dignitaries followed by a minute's silence and the Last Post . Krystal, who did an Aboriginal art floral painting, said: "They said hi and "nice to meet you".

Cardi B explains to Kimmel why she doesn't talk politics Cardi B explains to Kimmel why she doesn't talk politics After all, she had just told him that the birth of her daughter, Kulture , had broken her vagina (par for the course). "Nobody told me they was gonna stitch my vagina", she said.

Emery believes Arsenal still have plenty to improve on Emery believes Arsenal still have plenty to improve on Puel said: "He is a complete player with good transition with the ball and without the ball". The game against Leicester is very big and very hard .

Beyond the Weather: Orionid meteor shower Beyond the Weather: Orionid meteor shower Space.com says the Orionid meteor shower will peak Sunday night into Monday morning, with the best visibility around 2 a.m. To view the shower, try to reduce light pollution if possible, avoid using binoculars or telescopes and look up.

MyEG active, falls 2.67% on being named in charges against Zahid MyEG active, falls 2.67% on being named in charges against Zahid He is being investigated over alleged misappropriation of funds belonging to Yayasan Akal Budi, of which he is the chairman. Despite the possibility of being arrested, Dr Ahmad Zahid was his calm self, smiling and waving at the media corp.

Alexa Has a New Whisper Mode, Here’s How to Use It Alexa Has a New Whisper Mode, Here’s How to Use It Amazon detailed in a blog post how the company is using machine learning to understand whispered speech. And Amazon is tackling that problem with a new Whisper Mode for Alexa and Alexa-powered devices.

Take a Video Look at Disney's All New Skyliner! Take a Video Look at Disney's All New Skyliner! All 1,800-plus existing rooms at Disney's Coronado Springs Resort feature updated fixtures, furnishings and lighting. The soon-to-be-named resort will be Disney's 16th Disney Vacation Club property.

Italy's Salvini, in Moscow, denounces sanctions on Russian Federation Italy's Salvini, in Moscow, denounces sanctions on Russian Federation The sanctions are due to expire in January. "I feel at home here. Of course, there is no sense in what they are", said Salvini.