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Novo Nordisk Acquires Embark Biotech

Gains full rights to develop and commercialize Embark's lead metabolic program.

Novo Nordisk has acquired Embark Biotech, including its lead metabolic program, and the companies entered a three-year research collaboration to discover and develop novel pharmaceuticals to treat obesity and related co-morbidities. Under the agreement, Novo Nordisk receives the full rights to develop and commercialize the lead program, while the Embark shareholders will receive €15 million upfront in cash and are eligible to receive potential development, regulatory, and commercial milestone...

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