Novo Nordisk Bets $256m On Mystery Molecule

 
• By Elizabeth Cairns
  
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The Danish group has licensed an unnamed product with an unknown mechanism.  

3d different tablets and pills on a white background with question marks

For any other company, spending €235m ($256m) on a preclinical program with an unproven mechanism might be a punchy move. But Novo Nordisk A/S has money to burn thanks to its wildly successful diabetes and obesity therapies, so taking a leap into the unknown is not as huge a risk as it might be.

Key Takeaways

  • Novo has licensed a preclinical obesity candidate from EraCal Therapeutics for €235m

The company has bought the rights to develop and sell an oral, small-molecule obesity asset developed by EraCal Therapeutics...

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