Novo Nordisk, Aspect Biosystems to Develop Treatments for Diabetes

MT Newswires Live01-20

Novo Nordisk (NVO) and Aspect Biosystems said Tuesday they are targeting to develop advanced cellular medicines for diabetes.

Aspect has acquired rights to stem cell-derived islet cell and hypoimmune cell engineering technologies from Novo Nordisk, the companies said, adding that Aspect will lead development, manufacturing and commercialization, while Novo Nordisk will hold rights to expand its role in later-stage development and commercialization.

Novo Nordisk will make an additional equity investment in Aspect and provide research funding, and will be eligible to receive royalties and milestone payments, the companies said. Financial details were not provided.

Novo Nordisk shares were down more than 3% in recent premarket activity Tuesday.

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