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Roche takes a shot in obesity

Posted 5 December 2023 PM

Roche has fired a warning shot across the bow of Eli Lilly and Novo Nordisk, paying $4.7 billion for a US biotech with Phase 2 assets targeting obesity.

The Swiss conglomerate has entered into a definitive merger agreement to buy Carmot Therapeutics for $4.1 billion (US$2.7 billion) upfront and a further $604 million (US$400 million) in milestone payments. It will join Roche's Pharmaceuticals Division.

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