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Novo Nordisk to Acquire Prothena's ATTR Amyloidosis Program for ~$1.2B

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Novo Nordisk to Acquire Prothena's ATTR Amyloidosis Program for ~$1.2B

Shots:

  • Prothena is eligible to receive ~$1.2B as development and commercial milestones including $100M as up front and near-term clinical milestones
  • Novo Nordisk acquires Prothena’s subsidiary and gets WW rights to the IP and related rights of Prothena’s ATTR amyloidosis business and pipeline. Novo Nordisk will develop the P-II ready Ab PRX004 for ATTR cardiomyopathy
  • Prothena has completed a P-I study of PRX004 in patients with hereditary forms of ATTR which showed that the therapy was safe and well tolerated

  Ref: Prothena | Image: Tip Ranks

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