Miroslav Gasparek’s Post

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CEO & Co-Founder at Sensible Biotechnologies

Novartis has announced a $1.1 billion deal with Kate Therapeutics, a San Diego-based biotech focused on developing innovative gene therapies for challenging conditions like Duchenne muscular dystrophy (DMD), facioscapulohumeral dystrophy (FSHD), and myotonic dystrophy type 1 (DM1). The deal is the combination of upfront cash and milestone payments. This deal comes as the muscular dystrophy field faces setbacks, with high-profile failures reminding us of the hurdles in tackling these diseases. However, Novartis’ CEO, Vas Narasimhan, emphasized how Kate’s platform—designed to target muscle and cardiac tissue while avoiding the liver—could help address these challenges and advance treatments for neuromuscular conditions. Building on its prior experience with Zolgensma, Novartis aims to learn from past industry struggles while pushing the boundaries of gene therapy for complex diseases. Read more in the following article in Fierce Biotech: https://lnkd.in/erYpX2Vn #musculardystrophy #aav #deliver #miRNA #novartis

Novartis, assessing peers’ muscular dystrophy failures, pens $1.1B deal for gene therapy biotech

Novartis, assessing peers’ muscular dystrophy failures, pens $1.1B deal for gene therapy biotech

fiercebiotech.com

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