Ascendis Pharma licenses its TransCon technology to Novo Nordisk for metabolic disease treatments.
Ascendis Pharma has granted Novo Nordisk an exclusive license to use its TransCon technology for developing treatments for metabolic diseases such as obesity and type 2 diabetes. The agreement includes a lead program for a once-monthly GLP-1 receptor agonist, with Ascendis eligible for up to $285 million in payments, including milestone and royalty payments. The deal is expected to close by the end of 2024.
November 04, 2024
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