Novartis expands optogenetics portfolio with acquisition of Arctos Medical

  • Novartis (NYSE:NVS) has acquired Arctos Medical, adding a pre-clinical optogenetics-based AAV gene therapy program and Arctos' proprietary technology to its ophthalmology portfolio.
  • Financial details are not disclosed.
  • Arctos developed its technology as a potential method for treating inherited retinal dystrophies (IRDs) and other diseases that involve photoreceptor loss, such as age-related macular degeneration (AMD).
  • Existing gene therapy treatments aim to correct a specific gene, so only a small subset of patients can benefit. The Arctos technology is not limited to a specific gene, and thus can potentially address many forms of IRDs regardless of the underlying mutation.
    The acquisition underscores the Novartis commitment to finding treatments for patients with vision loss and the potential of optogenetics as the basis of successful therapeutics.
  • Recently, Novartis reported new Kisqali data in breast cancer.

    Over the current book year the total revenu from the company based in Basel will be 51.95 billion CHF (consensus estimates). This is slightly more than 2021's revenue of 49.9 billion CHF.

    Historical revenues and results Novartis plus estimates 2021

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    The analysts expect for 2021 a net profit of 14.06 billion CHF. For this year the consensus of the result per share is a profit of 6.33 CHF. The PE-ratio therefore is 12.11.

    Huge dividend Novartis

    Per share the analysts anticipate on a dividend of 3.29 CHF per share. Thus the dividend yield equals 4.29 percent. The average dividend yield of the pharmaceutical companies is a moderate 1.37 percent.

    Most recent target prices around 79 CHF

    The most recent recommendations for the pharmaceutical company are from Kepler Capital Markets, JP Morgan and Goldman Sachs .

    Based on the current number of outstanding shares Novartis 's market capitalization is 173.57 billion CHF. -2

    At 13.48 the stock trades 0.91 percent higher at 76.63 CHF.

    Historical stock prices Novartis past 10 years

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