US EditionNovo Nordisk To Pay $2 Billion for New Weight Loss Drug
- Novo Nordisk signed a deal worth up to $2 billion for the rights to the obesity drug UBT251, developed by United Bio-Technology Co. In China.
- UBT251 has been approved for early clinical trials in China and the U.S., targeting various conditions including type 2 diabetes and obesity.
- Novo Nordisk will pay $200 million upfront, with up to $1.8 billion based on future milestones and royalties from sales.
- The deal highlights the competitive obesity drug market, as Novo Nordisk aims to expand its treatment options amid challenges from rivals.
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The Laconia Daily Sun+15 Reposted by 15 other sources
Novo Nordisk To Pay $2 Billion for New Weight Loss Drug
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Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
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