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Achelous Partners Advises BTG plc (LSE: BGC) on the sale of its HySolv™ drug delivery technology to Novartis Pharma AG for up to US$10 million

BTG plc (LSE: BGC), the specialty pharmaceuticals company, today announces the sale of its HySolv™ drug delivery technology to Novartis Pharma AG for an initial payment of US$0.75m and potential additional future milestone payments of up to US$9.25m. Under the terms of the agreement, Novartis acquires all of the patent rights and know how with respect to the HySolv™ drug delivery technology.

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