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Novartis buys Corthera for $120mm plus $500mm in earn-outs

Executive Summary

Novartis has agreed to buy closely held Corthera (developing acute care therapeutics) for $120mm. Novartis will also pay Corthera shareholders earn-outs of up to $500mm for reaching clinical milestones, regulatory approval of Phase III recombinant human peptide relaxin for acute decompensated heart failure (ADHF), and hitting commercialization targets.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout

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