Breaking News

Novo Nordisk to Acquire Akero Therapeutics for $4.7B 

Adds potential first- and best-in-class late-stage asset for the treatment of MASH.

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

Novo Nordisk

Novo Nordisk entered into a definitive agreement to acquire Akero Therapeutics, Inc., a publicly held clinical-stage company developing treatments for serious metabolic diseases, for $4.7 billion in cash at closing with a contingent value right of $500 million. Akero’s fibroblast growth factor 21 (FGF21) analogue efruxifermin (EFX) is a potentially best-in-class treatment for metabolic dysfunction-associated steatohepatitis (MASH). EFX is currently in phase 3 development for the treatment of ...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters