Novo Nordisk Stock: License Deal with Nanexa Sealed - Börse Express
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With a worldwide license agreement, Novo Nordisk secures access to a platform for delayed drug release. The Danish pharmaceutical company is entering into a partnership with the Swedish specialist Nanexa for this purpose. The agreement includes the company's proprietary PharmaShell technology and can cover up to five development programs in the areas of obesity, type 2 diabetes, and cardiometabolic diseases. The goal of the cooperation is to significantly extend treatment intervals. Instead of weekly administrations, future peptide medications should only need to be administered once a month or once a quarter thanks to the inorganic particle coating. The total financial volume of the agreement amounts to up to 1.165 billion euros. An amount of 615 million euros is earmarked for initial payments as well as the achievement of defined development and approval milestones. The remaining amount depends on the achievement of future sales thresholds, supplemented by royalties in the low single-digit percentage range on global net revenues. Novo Nordisk alone is responsible for the global clinical development and later commercialization of the potential preparations. The transaction is part of a series of recent acquisitions with which the company integrates external expertise, including agreements with Kallyope and Orbis Medicines. The extension of dosing intervals is considered a...
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