Novo partners with Merrion over Insulin analogs
Denmark's Novo Nordisk has entered into a deal to co-develop and commercialize oral formulations of its Insulin analogues using Irish firm Merrion Pharmaceuticals' GIPET technology. Under the agreement, Merrion will receive up to $58.0 million based on achievement of certain milestones, as well as royalties on sales. Novo will pay for the development and commercialization of the product candidates and Merrion will fund the first clinical batches.
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