Novo Nordisk AgreesTo Acquire Inversago For Up To $1.075B, If Certain Development And Commercial Milestones Are Achieved
Portfolio Pulse from Benzinga Newsdesk
Novo Nordisk has agreed to acquire Inversago Pharma, a private Montreal-based developer of CB1 receptor-based therapies for obesity, diabetes, and metabolic disorders, for up to $1.075B, contingent on certain development and commercial milestones.
August 10, 2023 | 10:02 am
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Novo Nordisk's acquisition of Inversago Pharma could potentially strengthen its portfolio in obesity and diabetes treatments, subject to the achievement of certain milestones.
The acquisition of Inversago Pharma, a company specializing in obesity and diabetes treatments, aligns with Novo Nordisk's core business. If the deal goes through and the development and commercial milestones are achieved, it could potentially enhance Novo Nordisk's product portfolio and market position, thus positively impacting its stock in the short term.
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