RTTNews | Nov 6, 2020 05:49AM EST

05:48 Friday, November 6, 2020 (RTTNews.com) - Novo Nordisk A/S (NVO) has agreed to acquire Emisphere Technologies Inc., a drug delivery company with proprietary technologies that enable oral formulations of therapeutics. The acquisition provides Novo Nordisk full ownership of the Eligen SNAC technology, which has been used under a licence agreement to develop the first oral biologic, Rybelsus.

Novo Nordisk will acquire all outstanding shares of Emisphere for $1.350 billion. Novo Nordisk will also acquire related Eligen SNAC royalty stream obligations owed to MHR Fund Management LLC, the largest shareholder of Emisphere, for $450 million. The total acquisition price is $1.8 billion.

Novo Nordisk said the transaction will not impact its previously communicated operating profit outlook for 2020 or the ongoing share buyback programme. The acquisition is anticipated to have a net negative impact on operating profit of less than one percent in 2021 and broadly neutral to positive impact in the following years.

Read the original article on RTTNews ( https://www.rttnews.com/3143843/novo-nordisk-to-gain-full-ownership-of-eligen-snac-technology-with-acquisition-of-emisphere.aspx)

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