Novartis to Acquire UK Biotech Myricx Bio for Up to $1.5 Billion to Expand ADC Oncology Pipeline

Novartis has agreed to acquire UK-based Myricx Bio for up to $1.5 billion, including $1.1 billion paid upfront in cash, with up to $400 million in potential milestone payments.

Myricx Bio is a London-headquartered biotech company focused on developing a novel class of antibody-drug conjugate (ADC) payloads based on N-myristoyltransferase inhibitors (NMTi) for treating cancer.

The deal is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.

The acquisition strengthens Novartis’s oncology pipeline by bringing an innovative ADC payload platform in-house, enabling the development of next-generation ADCs for solid tumors and other cancers.

Sources:

Novartis to acquire UK-based Myricx Bio for up to $1.5 billion

Sofinnova Partners Announces Myricx Bio Agrees to Be Acquired by Novartis

News - Myricx Bio

Novartis snaps up UK ADC developer Myricx Bio - pharmaphorum

NGSX News 6th July 2026 - by Albert - Rhymes with Haystack

Novartis übernimmt Myricx Bio für 1,1 Mrd. US-Dollar

Myricx Bio – Developing the first class of ADCs based on NMT ...

Novartis to Buy Myricx Bio for Up to $1.5 Billion

Novartis' Post - LinkedIn

News | Latest Breaking News Stories & Headlines | RTÉ

Myricx Bio Announces £90m ($114m) Series A Financing to ...

Novo Holdings co-leads GBP90 million Series a financing for Myricx Bio to advance a novel payload class for antibody-drug conjugates

Novartis strikes deal with UK biotech for up to US$1.7 billion

Novartis Strikes $1.7 Billion Drug Target Deal With UK Biotech

Novartis Pays China’s Baiyu $70M Upfront, with $1.1B in Potential Milestones for Small Molecule Cancer Candidate