Dutch company Staten Biotechnology retains its independence as Novo Nordisk has decided not to exercise an option to acquire both the company and its lead candidate, STT-5058, the Danish pharmaceutical company reports in its financial report on Wednesday.
The two firms partnered up in 2018 to develop STT-5058, which is a monoclonal antibody that Staten Biotechnology inlicensed from Dutch-Belgian company Argenx, which is a collaborator of Leo Pharma.
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