Novo Nordisk nabs $1.075 billion obesity specialist Inversago
Danish drugmaker Novo Nordisk (NOV: N) is emerging alongside Eli Lilly (NYSE: LLY) as an early frontrunner in the market for obesity treatments.
The company has secured this leadership thanks to its GLP-1 agonist Wegovy (semaglutide), and it is hopeful that its pipeline will maintain this position - an effort aided by its acquisition of Inversago Pharma for up to $1.075 billion in cash if certain development and commercial milestones are achieved.
Inversago Pharma is a private, Montreal, Canada-based developer of CB1 receptor-based therapies for the potential treatment of obesity, diabetes and complications associated with metabolic disorders.
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