Weeks after launching Aeterna Zentaris castoff, Strongbridge turns around and sells rights to Novo Nordisk — at a premium
Reaching what appears to be an end to its winding journey to market, the growth hormone drug Macrilen has just found a new home in the US and Canada.
Novo Nordisk has scooped up regional rights to the asset from Strongbridge Biopharma, which bought them from Aeterna Zentaris this January for $24 million upfront and some milestones. That’s a bargain price compared to what the Danish drugmaker is offering now: $145 million, plus an equity investment worth more than $36 million as well as tiered royalties through 2027.
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