Rise and shine, everyone, another busy day is on the way. The Pharmalot campus, of course, is already humming as the short people depart and we brew our mandatory cup of stimulation. Our flavor today is the aromatic Southern pecan, an old standby. Meanwhile, we are rummaging through all sorts of things in the hunt for interesting stories. For now, here is the usual menu of tidbits. Have a smashing day and do stay in touch …
Novartis (NVS) agreed to pay $2.1 billion to acquire Endocyte (ECYT) in order to gain access to a new treatment being developed for prostate cancer, The Wall Street Journal tells us. Endocyte specializes in so-called radiopharmaceuticals, a new class of drug that carries radioactive substances directly to cancer cells so they can kill tumor cells at close range. Novartis already sells a radiopharmaceutical directed at a rare form of gut cancer, which it acquired last year as part of its $3.9 billion deal for Advanced Accelerator Applications.
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