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Novo Nordisk to acquire cardiovascular disease specialist Cardior in deal worth over €1bn

Novo Nordisk to acquire cardiovascular disease specialist Cardior in deal worth over €1bn
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Novo Nordisk to acquire Cardior Pharmaceuticals and strengthen pipeline in cardiovascular disease

Novo Nordisk Agrees to Buy Cardior for Up to €1 Billion

Novo Nordisk Agrees to Buy Cardior for Up to €1 Billion
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Novo Nordisk to buy Cardior Pharmaceuticals for up to $1 1 billion

COPENHAGEN (Reuters) -Denmark's Novo Nordisk said on Monday it had agreed to buy Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) to strengthen its cardiovascular pipeline. The deal is in line with Novo'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 intermediate Phase II clinical trials for the treatment of heart failure, Novo said.

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