Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Novartis to buy Regulus for $1.7 bn
Mint Mumbai
|May 01, 2025
Novartis AG agreed to buy US biotech Regulus Therapeutics Inc. in a deal that could be valued at up to $1.7 billion.
The Swiss company will pay $7 a share in cash upfront through a subsidiary, equivalent to $800 million, according to a statement Wednesday.
Regulus Therapeutics shareholders will also receive a so-called contingent value right, which entitles them to a further $900 million if regulatory approval is secured for farabursen, which seeks to treat patients living with ADPKD, the most common genetic cause of renal failure.
This story is from the May 01, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
India's avocado boom fuels import surge as local supply lags
From breakfast toast to smoothie bowls, avocados are fast becoming a daily staple for Indians.
3 mins
April 25, 2026
Mint Mumbai
Sebi allows FPIs to net cash market trades
Foreign portfolio investors (FPIs) will be able to settle stock market trades by paying only the net difference, rather than the full amounts, by December.
2 mins
April 25, 2026
Mint Mumbai
Reliance Q4 profit slips, O2C biz drags
India’s most valuable firm saw 13% dip in profit to ₹16,971 crore
3 mins
April 25, 2026
Mint Mumbai
Ficci asks govt to drop audit rule change, flags cost, quality risks
The Federation of Indian Chambers of Commerce and Industry (Ficci) has asked the government to scrap a proposal to ban audit firms from offering non-audit services to clients for three years after their term ends.
3 mins
April 25, 2026
Mint Mumbai
The enduring thrill of anticipation
From the start, in the 1980s, it was the sense of a gathering storm which bewitched me.
4 mins
April 25, 2026
Mint Mumbai
ARE MEN DRESSING SEXIER?
The Indian male shopper is rethinking how he wants to be seen. Moving beyond safe, buttoned-up dressing, he is looking to experiment—and brands are responding by offering styles that push past the clichéd formal look
14 mins
April 25, 2026
Mint Mumbai
A royal banquet to remember from 1897
A viral menu from Vadodara's Laxmi Vilas Palace opens a window into French courses and Indian etiquette
4 mins
April 25, 2026
Mint Mumbai
Beef, from rare to medium
They say comparison is the thief of joy,\" says Lindsey, played by Carey Mulligan, in the new season of Beef on Netflix.
4 mins
April 25, 2026
Mint Mumbai
Feeling extraordinary
Among all the finery at Indian weddings, there are a few things you can always spot among the guests—grubby jeans, hiking boots and polo shirts.
1 mins
April 25, 2026
Mint Mumbai
STYLE IT RIGHT
Celebrity stylist Harmann Kaur offers basic dressing tips for different body types
5 mins
April 25, 2026
Listen
Translate
Change font size