Novo Nordisk, Lumen Bioscience Collaborate For Oral Biologics For Cardiometabolic Diseases

  • Privately-held Lumen Bioscience has entered into a research collaboration with Novo Nordisk A/S NVO to evaluate the use of Lumen's spirulina-based drug development and manufacturing platform in Novo Nordisk's R&D activities within obesity and other metabolic disorders.
  • The initial stages of the research collaboration will take place over approximately one year.
  • Lumen and Novo Nordisk will jointly develop and evaluate the bioactivity of metabolically relevant molecules produced and delivered using spirulina.
  • Financial terms were not disclosed.
  • Price Action: NVO shares are down 0.20% at $84.40 during the market session on the last check Wednesday.
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