07:36 AM EDT, 05/02/2024 (MT Newswires) -- Novartis AG ( NVS ) announced Thursday that it has entered into an agreement to acquire Mariana Oncology, a preclinical-stage biotechnology company.

Under the terms of the agreement, Novartis ( NVS ) will make an upfront payment of $1 billion and additional $750 million in payments upon completion of pre-specified milestones, the company said.

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