Morphosys says Novartis takeover progressing as planned for H1 2024
BERLIN, April 29 (Reuters) -Morphosys MORG.DE said its takeover by Novartis NOVN.S was still expected to be closed in the first half of this year, in a statement responding to a possible safety risk reported by specialist news website STAT News that knocked the company's share price on Monday.
"The planned acquisition by Novartis is progressing steadily," a Morphosys spokesperson said in an emailed response to Reuters. "We remain confident in the benefit-risk profile of the combination of pelabresib and ruxolitinib."
Reporting by Patricia Weiss, Writing by Rachel More, Editing by Andrey Sychev
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