Novo Nordisk buys hypertension candidate in $1.3 billion deal
Danish company Novo Nordisk (NOV: N) has agreed to acquire ocedurenone - a drug in development for uncontrolled hypertension with potential application in cardiovascular and kidney disease - from Singapore biotech KBP Biosciences for up to $1.3 billion.
Ocedurenone is an orally-administered, small molecule, non-steroidal mineralocorticoid receptor antagonist that is currently being examined in the Phase III trial CLARION-CKD in patients with uncontrolled hypertension and advanced chronic kidney disease.
"This transition could unlock the full potential of ocedurenone and benefit more patients with cardiovascular and kidney disease worldwide"Martin Holst Lange, executive vice president and head of development at Novo Nordisk, said: “Hypertension is a leading risk factor for cardiovascular events, heart failure, chronic kidney disease and premature death.
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