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Former Emisphere investors sue following sale to Novo Nordisk

The USD 1.8bn price does not reflect the value of Emisphere, according to former Emisphere shareholders, who have sued MHR Fund Management.

Photo: Novo Nordisk / PR

Last year, Novo Nordisk bought US company Emisphere Technologies for USD 1.8bn. Former investors in Emisphere are now suing the company's largest shareholder, MHR Fund Management, according to Fierce Pharma.

Iszo, a New York-based investment fund, accuses MHR of manipulating the Emisphere board to sell the company at an inconvenient time at an artifically low price.

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