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Novo Nordisk licenses obesity and diabetes drug UBT251 from TUL for up to $2 billion.
Novo Nordisk has entered an exclusive license agreement with United Laboratories International Holdings Limited (TUL) for UBT251, a drug in early-stage development for treating obesity and type 2 diabetes.
Novo Nordisk gains worldwide rights, except for China and territories, with TUL receiving a $200 million upfront payment, potential milestone payments of up to $1.8 billion, and royalties.
UBT251 has shown promising results in early trials for obesity treatment.
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Novo Nordisk licencia la obesidad y el medicamento para la diabetes UBT251 de TUL por hasta $2 mil millones.