AcquisitionNovartis has a definitive agreement to acquire TRML for approximately $1.4 billion, reflecting a strong valuation of the company.
Clinical TrialsPositive topline data from the Phase 2 TRANQUILITY study of Tourmaline's lead asset, pacibekitug, shows statistically significant reductions in inflammation markers.
Strategic ValueThe acquisition complements NVS current extensive CV pipeline by adding a Ph3–ready program with differentiated MOA and advantageous quarterly dosing.