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Business

Novo Nordisk buys hypertension drug for $1.3 billion

by Laura Howes
October 20, 2023 | A version of this story appeared in Volume 101, Issue 35
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The Danish pharmaceutical firm Novo Nordisk will buy KBP Biosciences’ hypertension drug ocedurenone for $1.3 billion. The small-molecule, nonsteroidal mineralocorticoid receptor antagonist is in a Phase 3 study for treating uncontrolled hypertension and chronic kidney disease. Cash-rich Novo says the deal aligns with its focus on diabetes and chronic diseases. The firm has been enjoying outsize profits because of the success of the obesity drug Wegovy and the diabetes drug Ozempic.

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