MedWatch

Eli Lilly reaps rewards of Novo acquisition

By acquiring Dicerna, Novo Nordisk has sent DKK 700m (USD 107m) into the hands of its competitor Eli Lilly in the form of returns on shares in the acquired company, which Lilly co-owns.

Photo: Novo Nordisk / PR

On Thursday, Novo Nordisk annouced that it is acquiring the US-based biotech company Dicerna for USD 3.3bn.

The Dicerna acquisition has sent a big check to diabetes competitor Eli Lilly, which has several development partnerships with Dicerna.

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