Plus   Neg

Novartis Reportedly Considers Deal For Advanced Accelerator Applications

Novartis AG (NVS) is considering a deal for Advanced Accelerator Applications S.A. (AAAP), Bloomberg reported citing people familiar with the matter.

Novartis has approached Advanced Accelerator Applications or AAA about a deal and held talks. AAA could also attract interest from other drugmakers. No deal has been reached and talks may fall apart, the report said.

AAA makes radiopharmaceuticals, or radioactive drugs, used to diagnose and treat diseases such as cancer.

AAAP closed Wednesday's regular trading at $59.76, up $1.46 or 2.50 percent. In the after-hours, the stock further gained $5.74 or 9.61%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT