Septerna soars on $2.2 billion Novo Nordisk deal
ReutersMay 14, 2025 11:43 AM
Shares of drug developer Septerna SEPN.O rise 63.3% to $10.99 premarket
Danish drugmaker Novo Nordisk NOVOb.CO is partnering with SEPN in a deal worth up to $2.2 bln to develop oral treatments for obesity and diabetes, the companies say
Deal includes over $200 million in upfront and near-term payments to SEPN
The firms plan to start four development programs for potential new therapies
The partnership aims to create new medicines that target specific proteins to help with metabolism and other body functions, cos say
As of last close, SEPN down 70.6% YTD
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