Novo Nordisk licensed an experimental obesity pill from EraCal Therapeutics in a deal worth €235 million, or roughly $255 million, as it hunts for the next generation of weight management medicines.
Unlike Novo’s widely-known weight loss injection Wegovy, the EraCal program is an oral small molecule. It “is believed to target a novel mechanism of action controlling appetite and body weight to treat obesity,” EraCal said in a press release.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.