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Novartis buys gene therapy company Arctos Medical By Reuters

by Mike Robinson

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© Reuters.

ZURICH, (Reuters) – Novartis bought Arctos Medical, a gene therapy company that specialises in treating patients suffering from severe vision impairments. The Swiss firm announced Tuesday.

Novartis said the purchase, which was for an undisclosed price, demonstrates their commitment to optogenetics-based therapies that can restore vision to those with advanced blindness.

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