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DewDiligence

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DewDiligence

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Re: DewDiligence post# 251143

Tuesday, 09/09/2025 11:12:13 AM

Tuesday, September 09, 2025 11:12:13 AM

Post# of 257438
NVS acquires TRML for $48/sh cash—a 59% premium to yesterday’s close:

https://www.globenewswire.com/news-release/2025/09/09/3146562/0/en/Tourmaline-Bio-Enters-into-Agreement-to-be-Acquired-by-Novartis-AG.html

The nominal deal value is $1.4B. TRML is the product of a 2023 reverse-merger (#msg-173043164).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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