Novartis to buy anti-smoking biotech drug

04/25/2007 | Forbes

Novartis AG plans to pay Cytos Biotechnology AG up to $500 million for exclusive rights to develop, produce and market a drug designed to help individuals cure their smoking habit. The Swiss firm's NicQb, billed as an anti-smoking vaccine, is in clinical trials. It blocks the nicotine rush people experience when smoking a cigarette.

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