Novartis buys Gyroscope Therapeutics for $ 1.5 billion from Reuters


© Reuters. FILE PHOTO: The logo of Swiss drug maker Novartis is seen at the company’s plant in Stein, northern Switzerland, October 23, 2017. REUTERS / Arnd Wiegmann / File Photo

(Reuters) – Healthcare investment firm Syncona Ltd on Wednesday announced that Novartis AG will purchase its Gyroscope Therapeutics unit for up to $ 1.5 billion as the Swiss drug maker seeks access to British society’s gene therapy for a disease causing blindness.

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