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Novo Nordisk to buy Akero Therapeutics for up to $5.2 billion
Yahoo Finance· 2025-10-09 10:31
Group 1 - Novo Nordisk has agreed to acquire Akero Therapeutics for up to $5.2 billion, gaining access to Akero's experimental liver disease drug [1] - The acquisition includes an upfront payment of $54 per share, representing a 16.2% premium over Akero's last closing price of $46.49 [2] - An additional payment of $6 per share will be made upon full U.S. approval of efruxifermin for treating compensated cirrhosis due to MASH by June 30, 2031 [2] Group 2 - Novo Nordisk's new CEO, Mike Doustdar, announced a restructuring plan that includes cutting 9,000 jobs to focus on developing next-generation obesity and diabetes drugs [3] - The company aims to concentrate on treatments for related cardiometabolic conditions, such as MASH, rather than diversifying into other disease areas [3] - Akero's drug, efruxifermin, is currently being studied for severe scarring or cirrhosis due to metabolic dysfunction-associated steatohepatitis (MASH) [4]
诺和诺德宣布以47亿美元收购生物制药公司Akero
Xin Lang Cai Jing· 2025-10-09 10:22
诺和诺德10月9日宣布已签署最终协议,收购Akero Therapeutics,该公司致力于为严重代谢性疾病患者 开发创新疗法。根据协议条款,诺和诺德将在交易完成时以每股54美元现金(总价值47亿美元)收购 Akero全部流通股。 来源:智通财经 ...
Novo Nordisk buys Akero Therapeutics in the US
Reuters· 2025-10-09 10:09
Danish drugmaker Novo Nordisk said on Thursday it had agreed to buy United States based Akero Therapeutics, a clinical-stage company developing innovative treatments for patients with serious metabolic diseases marked by a high unmet medical need. ...
Akero Therapeutics to be Acquired by Novo Nordisk for up to $5.2 Billion
Globenewswire· 2025-10-09 10:01
Shareholders to Receive $54 Per Share in Cash and CVR of $6 Per Share Advances Akero’s Mission of Bringing Novel Therapies to Patients with High Unmet Medical Needs SOUTH SAN FRANCISCO, Calif., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Akero Therapeutics, Inc. (“Akero”) (Nasdaq: AKRO), a clinical-stage company developing transformational treatments for patients with serious metabolic diseases marked by high unmet medical need, today announced that it has entered into a definitive agreement to be acquired by Novo N ...
Novo Nordisk to acquire Akero Therapeutics and its promising phase 3 FGF21 analogue to expand MASH portfolio
Globenewswire· 2025-10-09 10:00
Core Viewpoint - Novo Nordisk has announced a definitive agreement to acquire Akero Therapeutics, focusing on innovative treatments for metabolic diseases, particularly metabolic dysfunction-associated steatohepatitis (MASH) [1][2][3] Strategic and Portfolio Fit - The acquisition aligns with Novo Nordisk's long-term strategy to develop differentiated medicines for diabetes and obesity, as over 40% of MASH patients also have type 2 diabetes [2] - MASH is closely linked to Novo Nordisk's expertise, with a significant portion of MASH patients being overweight or living with obesity [2] Product Development and Clinical Trials - Efruxifermin (EFX), Akero's lead product, is in phase 3 development for treating moderate to advanced liver fibrosis and cirrhosis due to MASH [1][3] - The phase 3 SYNCHRONY program includes three clinical trials aimed at supporting regulatory approval for EFX, which has shown significant improvements in liver fibrosis in previous trials [3][4][12] Transaction Details - Novo Nordisk will acquire Akero for $54 per share, totaling approximately $4.7 billion, with an additional contingent value right (CVR) of $6 per share upon regulatory approval of EFX [6][8] - The transaction has been unanimously approved by Akero's Board of Directors and is expected to close around the end of the year, pending regulatory approvals [7] Financial Implications - The acquisition is not expected to impact Novo Nordisk's operating profit outlook for 2025, but it will negatively affect free cash flow by approximately $4 billion [9] - For 2026, increased R&D costs are anticipated, potentially impacting operating profit growth by around 3 percentage points [10] About MASH - MASH is a serious metabolic disease affecting over 250 million people globally, with a significant risk of progression to cirrhosis and liver failure [14] - The condition is characterized by fat accumulation in the liver, leading to inflammation and fibrosis, and is the fastest-growing cause of liver transplants and liver cancer in the US and Europe [14] About Akero Therapeutics - Akero Therapeutics is a clinical-stage company focused on developing treatments for serious metabolic diseases, including MASH, and was founded in 2017 [15] About Novo Nordisk - Novo Nordisk is a leading global healthcare company founded in 1923, with a focus on chronic diseases, particularly diabetes [16]
Wall Street Breakfast Podcast: Deals Don't Wait 'Til November
Seeking Alpha· 2025-10-07 10:52
E-commerce and Retail - Amazon's Prime Big Deal Days event is scheduled for October 7th and 8th, marking an early start to the holiday shopping season with exclusive deals for Prime members [2][3] - The event features discounts on popular toy brands like Fisher-Price and Tonies, electronics from Samsung and LG, and home appliances from brands such as Dyson and Ninja [3] - Target and Walmart are also participating in the early shopping events, with Target Circle Week offering 40% off daily deals and Walmart Deals running from October 7th to 12th [5] Online Shopping Trends - Adobe forecasts that Cyber Monday on December 1 is expected to be the largest online shopping day of the season, with projected sales of $14.2 billion, reflecting a 6.3% year-over-year increase [6] Company Layoffs - Novo Nordisk has laid off dozens of employees at its largest U.S. manufacturing site in North Carolina, part of a broader plan to cut 9,000 jobs globally [6][8] - The layoffs affected various roles, including technical manufacturing workers and project coordinators, as the company aims to reduce costs and enhance focus amid competition with Eli Lilly [8] AppLovin SEC Probe - AppLovin's shares fell 14% following reports of a potential SEC investigation into its data collection practices, although the SEC has not accused the company of any violations [9][10] - Despite the recent drop, AppLovin's shares have surged over 80% year-to-date [10]
Novo Nordisk: Oral Wegovy Nears FDA Decision As GLP-1 Momentum Builds
Seeking Alpha· 2025-10-07 10:14
Core Insights - Novo Nordisk (NVO) stock has experienced volatility since Liberation Day, showing a slower recovery compared to other biopharma stocks [1] - The S&P and Eli stocks have performed better year to date, indicating a disparity in market performance within the biopharma sector [1] Company Analysis - The company has a strong foundation in scientific research, with a focus on drug development challenges and the rigor involved [1] - The analyst emphasizes the importance of identifying biotechnology companies that are innovating through unique mechanisms, first-in-class therapies, or platform technologies [1] - The approach combines scientific expertise with financial and market analysis to deliver technically sound and investment-driven research [1] Industry Perspective - The biotech sector is characterized by the potential for breakthrough science to yield significant returns, but it also requires careful scrutiny of opportunities and risks [1] - The analysis will cover companies at various stages of development, from early clinical pipelines to commercial-stage biotechs, highlighting the competitive landscape and market opportunities [1]
Exclusive: Novo Nordisk cuts hit production line jobs at key US plant, posts show
Reuters· 2025-10-07 05:03
Group 1 - Novo Nordisk has laid off dozens of employees at its largest U.S. manufacturing site for obesity and diabetes drugs, indicating potential operational challenges [1] - The layoffs are seen as a signal of shifting market dynamics and possibly reduced demand for its blockbuster drugs [1] - The company is facing increased competition in the obesity and diabetes treatment market, which may impact its future growth prospects [1]
US court rejects Novo Nordisk's challenge to Medicare drug pricing plan
Reuters· 2025-10-06 20:41
A federal appeals court on Monday rejected Novo Nordisk's challenge to the U.S. government's program that gives its Medicare health insurance plan the power to negotiate lower drug prices, the latest ... ...
Novo Nordisk: CagriSema Sets Potential Obesity Drug Development Comeback
Seeking Alpha· 2025-10-06 16:26
Core Insights - The article discusses the Biotech Analysis Central service, which provides in-depth analysis of pharmaceutical companies and investment opportunities in the biotech sector [1][2]. Group 1: Service Offerings - Biotech Analysis Central offers a library of over 600 biotech investing articles, a model portfolio of more than 10 small and mid-cap stocks, and live chat features for investors [2]. - The service is priced at $49 per month, with a discounted annual plan available for $399, representing a 33.50% savings [1]. Group 2: Analyst Background - The author of the article runs the Biotech Analysis Central service and emphasizes the depth of analysis provided to help healthcare investors make informed decisions [2]. - The article does not disclose any personal investment positions in the companies mentioned, indicating an unbiased perspective [3].