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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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September 30, 2014
07:47 EDTNVOJacobs Engineering receives pharmaceuticals pilot plant contract from Novo Nordisk
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07:30 EDTNVOSachs Associates to hold a conference
14th Annual Biotech in Europe Forum for Global Partnering and Investment to be held in Basel, Switzerland on September 30-October 1.
September 18, 2014
14:20 EDTNVONovo Nordisk announces EC marketing authorisation for Xultophy
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13:13 EDTNVONovo Nordisk Ryzodeg does not meet primary endpoint in phase 3b trial
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