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Novo Nordisk buys treatment candidate for rare disease for up to USD 1.2bn

Biotech company Prothena is selling the drug candidate treatment for ATTR amyloidosis. Novo Nordisk's initial focus is a particular variant of the disease which affects the heart.

Photo: Novo Nordisk / PR

Novo Nordisk has taken over Prothena's drug candidate PRX004, which is being developed to treat ATTR amyloidosis. In the same deal, Novo Nordisk is taking over Prothena's entire wide-ranging ATTR amyloidosis program.

Novo Nordisk has paid USD 100m upfront for the rights to the drug and the entire indication development program, but the agreed milestone payments may total up to USD 1.2bn.

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