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Novartis Confirms Rumors With $3.9bn Deal For AAA's Nuclear Med Biz

 
• By Sten Stovall

Recent speculation about Novartis' interest in nuclear medicine specialist AAA has been confirmed, after the pharma giant inked a deal worth $3.9bn to acquire the French firm. Integrating AAA would add to Novartis' expertise in diseases associated with neuroendocrine tumors and bring it a new technology platform for treating cancer.

Novartis AG has finally put to rest rumors about its intention to acquire France-based nuclear medicine specialist Advanced Accelerator Applications SA (AAA) when it confirmed Oct 30 that the two parties have agreed to an all-cash $3.9bn M&A deal.

The rumors had gathered intensity in the last month or so, but when Medtech Insight had asked AAA's CEO Stefano Buono if there was any basis to the speculation, he...

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