BRIEF-Sironax Grants Novartis Exclusive Option To Acquire Its Brain Delivery Platform-February 2024-www.financetom.com

BRIEF-Sironax Grants Novartis Exclusive Option To Acquire Its Brain Delivery Platform

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BRIEF-Sironax Grants Novartis Exclusive Option To Acquire Its Brain Delivery Platform

Jul 9, 2025 5:40 AM

July 9 (Reuters) - Novartis AG:

* SIRONAX: GRANTS NOVARTIS EXCLUSIVE OPTION TO ACQUIRE ITS

BRAIN

DELIVERY PLATFORM WHILE RETAINING RIGHTS TO ADVANCE SELECTED

THERAPEUTIC ASSETS

* SIRONAX: SIRONAX IS ELIGIBLE TO RECEIVE UP TO $175 MILLION

UPFRONT AND NEAR-TERM PAYMENTS UNDER AGREEMENT

* SIRONAX: UNDER AGREEMENT, NOVARTIS TO EVALUATE BDM

PLATFORM

WITHIN OPTION PERIOD

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