Quirky Novartis Bet Pushes Biopharma M&A Beyond $100 Billion

Novartis is buying Avidity Biosciences in a $12 billion deal

Signage for Novartis AG on a building in the company's headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. 

Photographer: Stefan Wermuth/Bloomberg
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Hi, it’s Michelle F. Davis in New York, looking at a unique piece of M&A in the biotech sector. Also today, a Merger Monday brings some big deals in banking and utilities, and Nelson Peltz wants all of Janus Henderson.

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