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Home » Novo Nordisk to buy Cardior Pharmaceuticals for up to $1.1 billion

Novo Nordisk to buy Cardior Pharmaceuticals for up to $1.1 billion

    Denmark's Novo Nordisk on Monday said it has agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.11 billion) to strengthen its cardiovascular pipeline. The acquisition is in line with the Danish drugmaker's aim to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments. The deal includes Cardior's lead compound CDR132L, currently in phase 2 clinical development for the treatment of heart failure, Novo said.

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