Ascendis Pharma (ASND) has released an update.
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Ascendis Pharma has entered a collaboration with Novo Nordisk to license its TransCon technology, aiming to develop treatments for metabolic and cardiovascular diseases, including a monthly TransCon Semaglutide product for obesity and type 2 diabetes. The agreement could bring Ascendis up to $285 million in milestone payments, along with sales-based royalties. Novo Nordisk will handle the clinical development and commercialization, with Ascendis focusing on early-stage research.
For further insights into ASND stock, check out TipRanks’ Stock Analysis page.
