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Novo Nordisk Looks To Broaden Therapeutic Reach With Move Into ATTR

Company Acquires Phase II-Ready Prothena Drug

 
• By Alaric DeArment

The deal leaves PRX004 in the capable hands of Novo Nordisk, which is hoping to expand beyond obesity and diabetes, while Prothena can focus on the rest of its pipeline.

Anatomy of Human Heart
Novo Nordisk has sought to broaden its reach beyond obesity and diabetes and move into areas like cardiology • Source: Shutterstock

Although Novo Nordisk A/S said in its first-quarter earnings in May that it hoped to further corner the obesity and diabetes markets by 2025, its deal with Prothena Corporation plc to acquire to acquire its transthyretin (ATTR) amyloidosis program – especially the Phase II-ready drug candidate PRX004 – is part of an effort to expand into other serious disease areas.

Bagsværd, Denmark-based Novo Nordisk and Dublin-headquartered Prothena announced on 12 July the deal under which the Danish drug maker would pay $100m in upfront and near-term milestone payments and up to $1

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