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Novartis gets majority stake in Idenix for CHF352; deal later restructured

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  • Withdrawn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 Contract
    • Includes Earnout
    • Partial Acquisition
    • Payment Includes Cash
    • Payment Includes Stock

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