Pharma BD Deal Intelligence

Novartis AG / Orionis Biosciences, Inc.

2026 · Co-Development · $1.4B · Complete

Announcement Sentiment
70
Positive
Outcome Score
59
Mixed — partial payoff, real shortfalls.

Novartis and Orionis Biosciences expanded their relationship into a second multi-year strategic collaboration to discover and develop molecular glue medicines against challenging targets across multiple disease areas, announced June 10, 2026. Orionis receives $40 million upfront and is eligible for research, development and commercial milestones of up to $1.4 billion plus tiered royalties. Novartis leads development and commercialization of resulting candidates; specific targets are undisclosed.

Key facts

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