April 9, 2018 / 5:03 AM / 2 months ago

Novartis AG to buy AveXis Inc for $8.7 billion

April 9 (Reuters) - Swiss drugmaker Novartis AG will buy U.S. gene therapy company AveXis Inc for $8.7 billion in cash, the companies said on Monday.

The $218-per-share offer represents a premium of 88 percent to AveXis' Friday close. (Reporting by Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier)

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