Finland's Forendo Attracts Big Pharma For Liver Disease R&D

Deal To Boost Novartis's Liver Disease Efforts

Turku, Finland-based Forendo Pharma has entered into a license and collaboration deal with Novartis involving the identification of novel drugs to treat chronic liver diseases.  

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Turku, Finland, Where Forendo Is Based • Source: Shutterstock

Finland’s Forendo Pharma Ltd. is to collaborate with Novartis AG on identifying novel drug candidates for the treatment of chronic liver diseases, in what appears to be the first big pharma deal for the northern European clinical-stage drug development company.

The collaboration will make financing its own clinical programs "quite a bit easier,” remarked Forendo CEO Risto Lammintausta. These programs...

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