Pharma BD Deal Intelligence

Novartis AG / Unnatural Products, Inc.

2026 · Licensing/Option · $1.8B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Feb 18, 2026 BioSpace Neutral

Novartis Bets Up to $1.7B in Cardio-Focused Peptide Partnership. The agreement pairs UNP's AI-guided macrocyclic design with Novartis' cardiovascular…

Feb 18, 2026 Fierce Biotech Bullish

Novartis finds natural partner in macrocycle biotech, inking $1.7B-plus cardio deal. The pact extends Novartis's cardiovascular franchise beyond its entrenched…

Mar 16, 2026 Endpoints News Bullish

A nimble Santa Cruz, CA-based biotech has corralled a $45 million Series B to prove whether its decade of R&D in the burgeoning macrocycle space can yield oral…

Source summaries from our enrichment pipeline; follow links for originals.

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Unnatural Products (UNP) and Novartis entered a research collaboration and licensing agreement worth up to $100 million in upfront and pre-IND milestones plus up to $1.7 billion in development, regulatory, and commercial milestones, with tiered royalties from mid-single to low double-digits. The collaboration pairs UNP's AI-enhanced macrocycle platform with Novartis' global development capabilities for an undisclosed cardiovascular program. Novartis assumes responsibility for IND-enabling studies, clinical development, manufacturing, and global commercialization.

Key facts

Related deals — scored

DealYearValueOutcome
Novartis AG / Unnatural Products, Inc. (this deal)2026$1.8B
Novartis AG / Advanced Accelerator Applications S.A.2017$3.9B98
Novartis AG / Endocyte, Inc.2018$2.1B96
Novartis AG / Lek Pharmaceuticals d.d.2002$876M88
Novartis AG / GlaxoSmithKline plc2014$16.0B81
Novartis AG / PTC Therapeutics Inc.2024$2.9B80
Novartis AG / Chinook Therapeutics Inc.2023$3.5B78

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