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February 5, 2014
08:07 EDTNVOZosano Pharma enters into license agreement with Novo Nordisk
Zosano Pharma announced that it has entered into an agreement with Novo Nordisk to develop a new transdermal presentation of semaglutide, an investigational proprietary human GLP-1 analogue, to be administered once weekly using Zosano's microneedle patch system for the treatment of type 2 diabetes. Initially, Zosano and Novo Nordisk will engage in collaborative efforts to carry out preclinical experiments to verify delivery of semaglutide using Zosano's microneedle patch system. Under the terms of the agreement, Zosano will grant Novo Nordisk a worldwide, exclusive license to develop and commercialize Novo Nordisk's proprietary GLP-1 analogues using Zosano's microneedle patch system. Potential payments to Zosano under the agreement include an upfront payment and additional payments upon achieving certain preclinical, clinical, regulatory and sales milestones. Such payments could total more than $60M for the first product and $55M for each additional product.
News For NVO From The Last 14 Days
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February 4, 2016
11:13 EDTNVONovo Nordisk management to meet with Jefferies
Meeting to be held in Geneva on February 11 hosted by Jefferies.
February 2, 2016
08:36 EDTNVOPiper Jaffray biopharma analyst holds an analyst/industry conference call
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