EraCal Therapeutics Has Collaborated With Novo Nordisk To Develop And Commercialize EraCal's Oral, Small Molecule Program To Treat Obesity, For An Receive Upfront, Development, And Commercial Milestones Of Up To €235M
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EraCal Therapeutics has entered into a collaboration with Novo Nordisk to develop and commercialize EraCal's oral small molecule program for treating obesity. The deal includes upfront, development, and commercial milestones that could total up to €235 million.
January 23, 2024 | 4:47 pm
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Novo Nordisk has partnered with EraCal Therapeutics to develop an oral treatment for obesity, with potential milestones payments totaling €235M.
The collaboration with EraCal Therapeutics could potentially enhance Novo Nordisk's portfolio in the obesity treatment market. The financial commitment of up to €235 million in milestones suggests a significant investment and belief in the potential of the program. This news is likely to be viewed positively by investors, as it represents a strategic move to strengthen Novo Nordisk's position in a growing therapeutic area. The impact on the stock price is likely to be positive in the short term, reflecting the potential future revenue and growth in the obesity segment.
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