Novo Nordisk and Vivtex partner to develop next-generation oral medicines for obesity and diabetes

Summary by AI BETAClose X

Novo Nordisk and Vivtex Corporation have announced a strategic partnership to develop next-generation oral biologic medicines for obesity and diabetes, leveraging Vivtex's proprietary technologies for improved bioavailability. Under the agreement, Vivtex is eligible to receive up to $2.1 billion in upfront consideration, research funding, and milestone payments, in addition to tiered royalties on future product sales. Novo Nordisk will lead global development and commercialization, aiming to expand access to innovative treatments for millions affected by these chronic diseases.

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