Aspect Biosystems and Novo Nordisk enter new phase of partnership to develop curative medicines for diabetes

Summary by AI BETAClose X

Novo Nordisk and Aspect Biosystems are advancing their partnership to develop curative cellular medicines for diabetes, with Aspect acquiring rights to Novo Nordisk's stem cell-derived islet and hypoimmune cell engineering technologies. Aspect will lead development, manufacturing, and commercialization, while Novo Nordisk has options to expand its role later and will provide additional equity investment and research funding. Novo Nordisk is eligible for royalties and milestone payments on future product sales, and the collaboration involves integrating select Novo Nordisk research, development, and manufacturing capabilities into Aspect's platform.

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