Novo Nordisk plans to acquire two private US biopharma firms

27 August 2015

In what has been a busy news week for Novo Nordisk (NOV: N), the Danish diabetes care giant said today that it has entered into a definitive agreement to acquire Calibrium and MB2, two privately-held biopharmaceutical research companies based in Indiana, USA.

Formed in 2013 and 2014, respectively, Calibrium and MB2 are focused on developing a portfolio of novel drug candidates for the treatment of diabetes and related metabolic diseases. The acquisition will expand Novo Nordisk's portfolio of projects and intellectual property rights within diabetes and obesity and provide a basis for expanding Novo Nordisk's research presence in the USA.

The companies have agreed not to disclose the financial details of the transactions. The closing of the deals is subject to US regulatory approval and is expected to occur during the third quarter of 2015. Novo Nordisk’s shares closed today’s trading up 3.64% at 370.10 Danish kroner.

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