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Neomorph, Novo Nordisk Partner on Molecular Glue Degraders

The total potential deal value for multiple targets is $1.46 billion plus royalties.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Neomorph, Inc. entered into a collaboration and licensing agreement with Novo Nordisk to discover, develop and commercialize molecular glue degraders. Neomorph is a biotechnology company working to discover novel therapeutics against ‘undruggable’ targets.   Neomorph will receive an upfront and near-term milestone payments, plus R&D funding. Neomorph is also eligible to receive future clinical, commercial and sales milestones bringing the total potential deal value for multiple...

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