Published by Global Banking & Finance Review®
Posted on March 27, 2026
2 min readLast updated: March 27, 2026
Add as preferred source on GoogleNovartis announced on March 27, 2026, that it will acquire U.S.-based biotech firm Excellergy in a deal worth up to $2 billion, including upfront and milestone payments. The acquisition, expected to close in H2 2026 pending regulatory approval, enhances Novartis’ footprint in immunology and food all
March 27 (Reuters) - Swiss drugmaker Novartis said on Friday it will buy California-based biotech company Excellergy in a deal worth up to $2 billion, the second sizeable acquisition it has announced in as many weeks.
Under the agreement, Novartis said it would pay up to $2 billion in upfront and milestone payments. The transaction is expected to close in the second half of 2026, subject to customary conditions, including regulatory approvals.
The transaction will strengthen Novartis' presence in the market of immunology in food allergy, the company said. Excellergy's food allergy drug candidate, Exl-111, could support earlier allergy symptom relief, for example.
Novartis had also last week announced its acquisition of a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics.
In April last year, Novartis said it plans to invest $23 billion to build and expand its facilities in the United States through the following half decade.
So far the company has begun construction on R&D and manufacturing sites across four states, including California, and expanded its radioligand therapy facilities in Indiana and New Jersey.
(Reporting by Marleen Kaesebier, Bhanvi Satija and Maria Rugamer; Editing by Dave Graham)
Swiss pharma company Novartis is acquiring California-based biotech firm Excellergy.
The deal is worth up to $2 billion in upfront and milestone payments.
The transaction is expected to close in the second half of 2026, pending customary conditions and regulatory approvals.
The acquisition will strengthen Novartis' presence in the immunology market, specifically in food allergy.
Novartis recently announced the acquisition of a breast cancer drug candidate from Synnovation Therapeutics for up to $3 billion.
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