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Novo Nordisk Fortifies Cardio-Renal Efforts With Corvidia Buy

Up to $2.1bn, including $725m up front is being paid for the US biotech.

Executive Summary

Novo Nordisk is paying $725m to acquire the VC-backed US biotech, Corvidia Therapeutics and its promising Phase II candidate, ziltivekimab, for chronic kidney disease, but further payments could total more than $2bn.

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