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Omeros Skyrockets On $2.1B Novo Nordisk Rare Disease Deal - Novo Nordisk (NYSE:NVO), Omeros (NASDAQ:OMER)
Novo Nordisk will pay up to $2.1 billion to develop zaltenibart, targeting rare blood and kidney disorders with positive phase 2 data in paroxysmal nocturnal hemoglobinuria.
- On Wednesday, Novo Nordisk agreed to acquire exclusive global rights to zaltenibart from Omeros Corporation in a deal valued at up to $2.1B including milestones.
- Earlier this year, Omeros Corporation paused the zaltenibart programme despite positive phase 2 data in paroxysmal nocturnal hemoglobinuria, aligning with Novo Nordisk's rare-disease push under Mike Doustdar.
- The agreement includes $340 million upfront, near-term milestones and tiered royalties to Omeros, which retains rights to preclinical MASP-3 programmes and small-molecule MASP-3 inhibitors.
- Omeros' stock surged, nearly tripling from about $4 to just over $4 with a session volume of 89.21 million, as Novo Nordisk plans phase 3 trials in PNH.
- Mechanistically, zaltenibart blocks MASP-3 to inhibit the alternative complement pathway, potentially preserving the classical complement pathway, and offers intravenous infusion every eight weeks.
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Omeros Skyrockets On $2.1B Novo Nordisk Rare Disease Deal - Novo Nordisk (NYSE:NVO), Omeros (NASDAQ:OMER)
Biotech breakthroughs are reshaping the pharmaceutical landscape, sparking lucrative deals and redefining the future of rare disease treatment. Omeros Corporation (NASDAQ:OMER) stock is rallying on Wednesday, with a session volume of 89.21 million versus the average volume of 1.11 million, as per data from Benzinga Pro. Novo Nordisk A/S (NYSE:NVO) and Omeros on Wednesday announced an asset purchase and license agreement for the candidate drug za…
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Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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