Novo Seeks Deals to Reverse Slide in Weight-Loss Market It Made
Novo Nordisk A/S is hunting for more early-stage deals to pad its pipeline of next-generation obesity drugs, as the drugmaker struggles to fend off rivals in the burgeoning weight-loss market it helped pioneer.
The Danish company is casting a wide net with an open checkbook, according to Ludovic Helfgott, who took over as Novo's chief of product and portfolio strategy this year. 'The level of curiosity of the new Novo is maybe more than what people are expecting,' he said in an interview Monday from the American Diabetes Association meeting in Chicago.
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