Tourmaline becomes indirect wholly owned subsidiary of Novartis

Novartis Completes Acquisition of Tourmaline Bio

Novartis has announced the successful completion of its acquisition of Tourmaline Bio, Inc.

As a result of the merger, each outstanding share was canceled and converted into the right to receive consideration per share payable in the tender offer.

The acquisition makes Tourmaline an indirect wholly owned subsidiary of Novartis.

Novartis has announced that it has successfully completed its acquisition of Tourmaline Bio, Inc.

This article was written by Ruchika Sharma, Correspondent for the Business Section at Medical Dialogue.

Author summary: Novartis acquires Tourmaline Bio.

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Medical Dialogues Medical Dialogues — 2025-10-30

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