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    Novartis Acquires IFM Due to Develop First-In-Class STING Antagonist Program Targeting Innate Immune System

    Details:

    The acquisition provides Novartis with full rights to IFM Due's portfolio of STING antagonists, which have the potential to treat an array of serious inflammation-driven diseases characterized by excessive interferon and other pro-inflammatory cytokine signaling.


    Lead Product(s): Undisclosed

    Therapeutic Area: Immunology Product Name: Undisclosed

    Highest Development Status: PreclinicalProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Novartis Pharmaceuticals Corporation

    Deal Size: $835.0 million Upfront Cash: $90.0 million

    Deal Type: Acquisition March 13, 2024

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