We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Novo Nordisk Inks Deal With Dicerna to Develop RNAi Therapies
Read MoreHide Full Article
Novo Nordisk A/S (NVO - Free Report) and biotech company Dicerna Pharmaceuticals, Inc. inked an agreement to discover and develop novel therapies for the treatment of liver-related cardio-metabolic diseases using Dicerna’s proprietary GalXC RNAi platform technology. Novo Nordisk will make upfront payment of $175 million to Dicerna. Dicerna is also entitled to receive an equity investment of $50 million.
Shares of Novo Nordisk have gained 23.8% compared with the industry’s growth of 4.7%.
The companies will collaborate on more than 30 liver-cell targets, leveraging Dicerna’s proprietary GalXC RNAi platform technology, with the goal of delivering multiple clinical candidates. Novo Nordisk is making a considerable investment and in turn will be able to access Dicerna's proprietary GalXC RNAi platform, which complements its existing technology base. The collaboration provides Novo Nordisk with the capability to inhibit hepatocyte targets involved in disease regulation and the potential to generate a number of clinical development candidates.
The companies will target diseases like chronic liver disease, non-alcoholic steatohepatitis (NASH), type II diabetes, obesity and rare diseases. Dicerna will conduct and fund the discovery and preclinical development to clinical candidate selection for each liver-cell target, and Novo Nordisk will be responsible for all further developments.
Novo Nordisk will lead programs targeting cardio-metabolic disorders and other indications, with Dicerna having the option to opt into two programs during clinical development. Dicerna will retain the rights to initiate two new orphan liver disease programs, in which Novo Nordisk can opt. For all co-development programs, the companies will share the profit or loss of net sales of products, consistent with each company’s contribution to the development costs.
Per the agreement, Dicerna is eligible to receive an additional $75 million over the first three years, plus up to $357.5 million per target in potential milestone payments and royalties on product sales.
Glaxo’s’ earnings per share estimates have increased from $2.96 to $3.08 for 2019 and from $3.01 to $3.02 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 17.23% on average.
Merck’s earnings per share estimates have increased from $4.91 to $5.16 for 2019 and from $5.43 to $5.52 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 12.51% on average.
Bristol-Myers Squibb’s earnings per share estimates have increased from $4.29 to $4.33 for 2019 and from $5.17 to $5.30 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 8.30% on average.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Novo Nordisk Inks Deal With Dicerna to Develop RNAi Therapies
Novo Nordisk A/S (NVO - Free Report) and biotech company Dicerna Pharmaceuticals, Inc. inked an agreement to discover and develop novel therapies for the treatment of liver-related cardio-metabolic diseases using Dicerna’s proprietary GalXC RNAi platform technology. Novo Nordisk will make upfront payment of $175 million to Dicerna. Dicerna is also entitled to receive an equity investment of $50 million.
Shares of Novo Nordisk have gained 23.8% compared with the industry’s growth of 4.7%.
The companies will collaborate on more than 30 liver-cell targets, leveraging Dicerna’s proprietary GalXC RNAi platform technology, with the goal of delivering multiple clinical candidates. Novo Nordisk is making a considerable investment and in turn will be able to access Dicerna's proprietary GalXC RNAi platform, which complements its existing technology base. The collaboration provides Novo Nordisk with the capability to inhibit hepatocyte targets involved in disease regulation and the potential to generate a number of clinical development candidates.
The companies will target diseases like chronic liver disease, non-alcoholic steatohepatitis (NASH), type II diabetes, obesity and rare diseases. Dicerna will conduct and fund the discovery and preclinical development to clinical candidate selection for each liver-cell target, and Novo Nordisk will be responsible for all further developments.
Novo Nordisk will lead programs targeting cardio-metabolic disorders and other indications, with Dicerna having the option to opt into two programs during clinical development. Dicerna will retain the rights to initiate two new orphan liver disease programs, in which Novo Nordisk can opt. For all co-development programs, the companies will share the profit or loss of net sales of products, consistent with each company’s contribution to the development costs.
Per the agreement, Dicerna is eligible to receive an additional $75 million over the first three years, plus up to $357.5 million per target in potential milestone payments and royalties on product sales.
Novo Nordisk A/S Price
Novo Nordisk A/S price | Novo Nordisk A/S Quote
Zacks Rank & Other Stocks to Consider
Novo Nordisk currently carries a Zacks Rank #2 (Buy).
Few other similar-ranked stocks in the same space are GlaxoSmithKline Plc. (GSK - Free Report) , Merck and Co. (MRK - Free Report) and Bristol-Myers Squibb Company (BMY - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Glaxo’s’ earnings per share estimates have increased from $2.96 to $3.08 for 2019 and from $3.01 to $3.02 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 17.23% on average.
Merck’s earnings per share estimates have increased from $4.91 to $5.16 for 2019 and from $5.43 to $5.52 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 12.51% on average.
Bristol-Myers Squibb’s earnings per share estimates have increased from $4.29 to $4.33 for 2019 and from $5.17 to $5.30 for 2020 in the past 60 days. The company delivered a positive earnings surprise in the trailing four quarters by 8.30% on average.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>