Novo Nordisk And Life Edit Therapeutics Established Multi-Target Collaboration To Discover And Develop Gene Editing Therapies For Rare And Cardiometabolic Diseases
Portfolio Pulse from Charles Gross
Novo Nordisk and Life Edit Therapeutics have announced a collaboration to develop gene editing therapies for rare and cardiometabolic diseases. Life Edit will receive an upfront cash payment and is eligible for milestone payments of $250-335 million for each of seven development programs. Novo Nordisk will also make an equity investment in ElevateBio, Life Edit's parent company.
May 24, 2023 | 10:05 am
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Novo Nordisk partners with Life Edit Therapeutics to develop gene editing therapies, investing in parent company ElevateBio.
The collaboration with Life Edit Therapeutics will potentially expand Novo Nordisk's portfolio in gene editing therapies for rare and cardiometabolic diseases. The upfront cash payment and milestone payments, along with the equity investment in ElevateBio, indicate a strong commitment to the partnership. This collaboration could lead to positive outcomes for Novo Nordisk, driving stock price up in the short term.
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