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BioLineRx finds first Big Pharma collaborator in Novartis, which takes equity stake

Executive Summary

In a multi-year deal, Novartis Pharma AG received exclusive rights of first negotiation to develop and commercialize up to three programs in BioLineRx Ltd.’s pipeline sourced from Israeli partners. Novartis took a 12.8% stake in BioLineRx for $10mm (5mm ADSs at $2).
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • R&D and Marketing (Licensing)

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