Novo Nordisk has completed its acquisition of Akero Therapeutics

Summary by AI BETAClose X

Novo Nordisk has successfully completed its acquisition of Akero Therapeutics for $54 per share in cash, totaling $4.7 billion, plus a contingent value right of $6 per share, potentially adding another $0.5 billion, contingent on US regulatory approval of Akero's MASH treatment EFX. This transaction makes Akero a wholly owned subsidiary of Novo Nordisk, and Akero's stock will be delisted from the Nasdaq.

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