Novo Nordisk continues pursuit of obesity companies
In a bid to consolidate its lead in the weight management therapy sector, diabetes care giant Novo Nordisk (NOV: N) has now bought a fellow Denmark based company and its obesity program.
The deal comes hot on the heel of Novo Nordisk’s takeover of Canada’s Inversago for just over $ 1 billion announced earlier this month.
Embark Laboratories announced today that Novo Nordisk has acquired Embark Biotech, including its lead metabolic program, and has entered a three-year research and development collaboration to discover and develop novel pharmaceuticals to treat obesity and related co-morbidities.
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