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Mergers & Acquisitions

Novo Nordisk agrees to buy Forma Therapeutics for $1.1 billion

by Gina Vitale
September 9, 2022 | A version of this story appeared in Volume 100, Issue 32

 

Novo Nordisk has agreed to acquire Forma Therapeutics, a biotech company focused on rare hematologic diseases and cancers, for $20 a share, or $1.1 billion. Novo will get Forma’s lead candidate, etavopivat, which is in a Phase 2/3 trial in patients with sickle cell disease. Forma, founded in 2007, was originally focused on a drug discovery platform based on the work of scientists at the Broad Institute of MIT and Harvard.

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