Asia Deal Watch: Heartseed Licenses Lead Cell Therapy Candidate To Novo Nordisk

 
• By Ian Haydock, Anju Ghangurde, Jung Won Shin, Brian Yang, and Joseph Haas
  
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Novo gets worldwide development and commercial rights except for Heartseed’s home market in Japan. LianBio unveils licensing partnerships with Lyra, Landos and Nanobiotix.

Asia Deal Watch
• Source: Alamy

Japanese bioventure Heartseed Inc. and Novo Nordisk A/S announced a worldwide collaboration and license agreement on 1 June for the development, manufacture and commercialization of Heartseed’s lead cell therapy asset HS-001. The Danish firm gains exclusive rights worldwide except in Japan, where Heartseed will develop HS-001 alone, but Novo gets co-commercialization rights there and will share profits and costs on a 50/50 basis.

Tokyo-based Heartseed can realize up to $598m under the deal, including $55m up front and near-term milestones, plus tiered high...

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