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flag Novartis buys Anthos Therapeutics for up to $3.1 billion to advance a stroke-preventing drug.

flag Novartis, a major pharmaceutical company, is acquiring Anthos Therapeutics, a smaller biopharmaceutical firm, for up to $3.1 billion. flag This deal aims to advance the development of abelacimab, a drug for preventing strokes and blood clots in atrial fibrillation and cancer patients. flag Novartis will pay $925 million upfront, with up to $2.15 billion more based on milestones. flag The acquisition is expected to close in the first half of 2025.

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