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Stock impact report

Novo Partners Vivtex in Deal Worth Up to $2.1 Billion [Yahoo! Finance]

Novo Nordisk A/S (NVO) 
Last novo nordisk a/s earnings: 2/5 01:31 am Check Earnings Report
US:NYSE Investor Relations: novonordisk.com/investors.html
Company Research Source: Yahoo! Finance
Novo Nordisk ( NYSE:NVO ) has moved to reinforce its long-term growth narrative, announcing a partnership with US biotech Vivtex Corp. that could be worth up to $2.1 billion as it seeks to expand its pipeline in obesity, diabetes and other metabolic diseases. The Danish drugmaker said the collaboration is designed to combine its deep expertise in peptide and protein therapeutics with Vivtex's proprietary gastrointestinal screening and formulation platform, with the aim of developing oral versions of biologic drugs that are typically delivered by injection or intravenous infusion due to poor absorption in the gastrointestinal tract. While Novo did not disclose any upfront payment, Vivtex could receive as much as $2.1 billion tied to research funding, milestone payments and royalties on future sales, suggesting the structure is closely aligned with long-term development progress. Warning! GuruFocus has detected 2 Warning Sign with NVO. Is NVO fairly valued? Test your thesis with ou Show less Read more
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