Novartis said on Wednesday the two top research & development executives at its ...
FILE PHOTO: Swiss drugmaker Novartis' logo is seen at the company's plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann
Avexis’ Chief Scientific Officer Brian Kaspar - a founder of the company - and Senior Vice President of Research and Development Allan Kaspar have not been involved in any operations at Avexis since early May 2019, Novartis said in a statement. The Kaspars are brothers. The U.S. Food and Drug Administration said last week that Novartis had notified regulators in June - more than a month after Zolgensma had been approved - that some of the early testing data had been manipulated.
Novartis acquired Avexis in April 2018, paying $8.7 billion for the maker of the rare-disease treatment, which is expected to bring in billions of dollars in sales.
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