Novo licenses early-stage weekly obesity pill for $300 million upfront
Novo Nordisk ($NVO) has agreed to license Hengrui Pharma’s HRS-1596, an experimental oral medicine targeting both GLP-1 and GIP receptors. The agreement includes $300 million upfront within a potential $2.6 billion total, with the balance dependent on development, regulatory and commercial milestones. Hengrui would also receive sales royalties. Novo’s exclusive territory excludes mainland China, Hong Kong, Macao and Taiwan. The candidate could expand Novo’s obesity and diabetes pipeline with a o