Novo Nordisk to Snap Cardior Pharma for up to €1.025B and Boost Pipeline in Cardiovascular Disease
Portfolio Pulse from Benzinga Newsdesk
Novo Nordisk has agreed to acquire Cardior Pharmaceuticals for up to €1.025 billion, including upfront and milestone payments. Cardior specializes in RNA-targeted therapies for heart diseases, with its lead compound CDR132L in phase 2 for heart failure treatment. This acquisition aims to enhance Novo Nordisk's cardiovascular disease pipeline.
March 25, 2024 | 10:06 am
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Novo Nordisk's acquisition of Cardior Pharmaceuticals for up to €1.025 billion aims to strengthen its cardiovascular disease treatment pipeline, with a focus on RNA-targeted therapies.
The acquisition of Cardior Pharmaceuticals represents a strategic move for Novo Nordisk to enhance its portfolio in the cardiovascular disease area, a major market. The inclusion of Cardior's RNA-targeted therapies, especially the phase 2 compound CDR132L for heart failure, could offer new growth avenues and potentially positive impacts on Novo Nordisk's stock in the short term due to the innovative nature of the treatments and the expansion of the company's pipeline in a critical healthcare segment.
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