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Aussie boss nails $1.6B Novo deal
Posted 2 April 2025 AM
The Aussie CEO of Lexicon, Mike Exton, has signed another deal, this one securing up to $1.6 billion from Novo Nordisk for a novel obesity drug.
Novo signed a world-wide licensing deal for LX9851, a first-in-class, oral non-incretin pre-clinical drug for which Lexicon plans to submit an Investigational New Drug (IND) application this year. It gives Novo another arrow in its quiver for capturing the booming obesity market.
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Posted 2 April 2025 AM
The Aussie CEO of Lexicon, Mike Exton, has signed another deal, this one securing up to $1.6 billion from Novo Nordisk for a novel obesity drug.
Novo signed a world-wide licensing deal for LX9851, a first-in-class, oral non-incretin pre-clinical drug for which Lexicon plans to submit an Investigational New Drug (IND) application this year. It gives Novo another arrow in its quiver for capturing the booming obesity market.
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