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Novo Nordisk Signs Agreements for Almost €1 Billion with Laboratories Supported by Flagship

Novo Nordisk has entered independent research collaboration agreements with Omega Therapeutics and Cellarity to develop innovative therapeutic approaches for cardiometabolic diseases, with each company potentially receiving up to $532 million. Omega will utilize its platform to develop an epigenomic controller for improving metabolic activity and treating obesity.



Novo Nordisk

Novo Nordisk signs new agreements. The Danish pharmaceutical company, owner of the weight loss treatment Wegovy, has announced independent research collaboration agreements with Omega Therapeutics and Cellarity, within the framework of the cooperation between Flagship Pioneering and the Scandinavian company, by which each of the laboratories biotechnological companies could receive up to $532 million (€486 million).

These agreements are made with the aim of developing novel therapeutic approaches for cardiometabolic diseases. In this sense, Omega will take advantage of the technological collaboration of its patented platform to develop an epigenomic controller designed to improve metabolic activity as part of a possible new approach in the treatment for the control of obesity, in a context in which many therapeutic interventions Exists for weight control have focused on appetite regulation.

For its part, Cellarity’s collaboration aims to discover new biological drivers of Mash , one of the main causes of chronic liver disease that carries a higher risk of developing type 2 diabetes and cardiovascular diseases . The pharmaceutical company will take advantage of its platform to develop a small molecule therapy against this disease.

Read more about the latest agreements closed by Novo Nordisk and find the most important financial news of the day with the Born2Invest mobile app.

Novo Nordisk increases its production of drugs against obesity and diabetes

Marcus Shindler, executive vice president and chief scientist at Novo Nordisk, said: “This is an important moment in our partnership with Flagship Pioneering; We look forward to advancing these research programs with Omega and Cellarity in the coming years as we explore bold new treatment strategies with the potential to have a significant impact for people living with obesity or Mash,” says Schindler.

Last November 2023, Novo Nordisk announced that it would invest more than 42 million Danish crowns (€5.63 billion) in expanding its facilities in Kalundborg (Denmark) to meet the high demands for its anti-obesity treatments, Wegovy, and against diabetes, Ozempic.

Thanks to the increases in Wegovy sales, Novo Nordisk recorded a net profit of 61.72 billion Danish crowns (€8.27 billion) in the first nine months of 2023 , which materialized in an increase of 47% compared to the same period in 2022. Regarding the figure for its solution against obesity, the value multiplied by six until the third quarter of the year, totaling 21.73 billion Danish crowns (€2.9 billion).


(Featured image by Joa70 via Pixabay)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.