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Novartis gets majority stake in Idenix for CHF352; deal later restructured
Mar 2003
Executive Summary
Novartis Pharma AG paid CHF352.7mm ($255mm) in cash to shareholders of Idenix Pharmaceuticals (antiviral therapeutics) for a 51% stake in the company.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Withdrawn
Deal Type
-
Acquisition
- Includes Earnout
- Partial Acquisition
- Includes Contract
- Payment Includes Stock
- Payment Includes Cash
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Novartis gets majority stake in Idenix for CHF352; deal later restructured
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