- cafead Mar 25, 2024 at 12:12: PM
via Novo Nordisk on Monday announced that it will acquire German biotech Cardior Pharmaceuticals in a bid to boost its cardiovascular disease portfolio and support the pharma’s expansion into heart conditions.
The companies did not reveal what per-share price they settled on but said that the deal has a total value of up to approximately $1.1 billion. The sum includes Novo’s upfront payment for Cardior as well as additional payments, which depend on certain developmental and commercial milestones.
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The companies did not reveal what per-share price they settled on but said that the deal has a total value of up to approximately $1.1 billion. The sum includes Novo’s upfront payment for Cardior as well as additional payments, which depend on certain developmental and commercial milestones.
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