Novo Nordisk Agrees To Acquire Ocedurenone For Uncontrolled Hypertension From KBP Biosciences For $1.3B
Portfolio Pulse from Benzinga Newsdesk
Novo Nordisk has agreed to acquire Ocedurenone, a treatment for uncontrolled hypertension, from KBP Biosciences for $1.3 billion.
October 16, 2023 | 12:21 pm
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Novo Nordisk's acquisition of Ocedurenone could potentially strengthen its portfolio and increase its market share in the hypertension treatment market.
The acquisition of Ocedurenone by Novo Nordisk is a strategic move to expand its product portfolio and potentially increase its market share in the hypertension treatment market. This could lead to increased revenues and profitability for the company, which could positively impact its stock price in the short term.
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