– Novartis to acquire Tourmaline Bio for $48.00 per share in cash for a total equity value of approximately $1.4 billion –
– Transaction reflects the potential of Tourmaline’s pacibekitug, a long-acting, fully-human, anti-IL-6 monoclonal antibody with best-in-class potential, for the treatment of cardiovascular diseases –
– Transaction is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions –
Sept. 09, 2025 -- Tourmaline Bio, Inc. (“Tourmaline”) (NAS