Novo Nordisk AS has strengthened its cardiometabolic R&D pipeline by acquiring the Boston, MA-based private biotech Corvidia Therapeutics Inc., for up to $2.1bn. The deal gives it access to ziltivekimab, which is being evaluated in early clinical studies in chronic kidney disease, and the preclinical triglyceride lowering agent, COR-003.
Novo Nordisk Fortifies Cardio-Renal Efforts With Corvidia Buy
Up to $2.1bn, including $725m up front is being paid for the US biotech.
Novo Nordisk is paying $725m to acquire the VC-backed US biotech, Corvidia Therapeutics and its promising Phase II candidate, ziltivekimab, for chronic kidney disease, but further payments could total more than $2bn.
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