Biotech Values

[DewDiligence]

LXRX—(+82%)—inks NVO collaboration with $75M up-front/near-term cash and $1B total biobucks:

https://www.globenewswire.com/news-release/2025/03/28/3051285/0/en/Lexicon-Pharmaceuticals-Announces-Exclusive-License-Agreement-with-Novo-Nordisk-for-LX9851.html

Lexicon Pharmaceuticals, Inc…today announced that it has entered into an exclusive license agreement with Novo Nordisk A/S for LX9851, a first-in-class, oral non-incretin development candidate in obesity and associated metabolic disorders. Under the terms of the agreement, Novo Nordisk obtains an exclusive, worldwide license to develop, manufacture and commercialize LX9851 in all indications.

This is NVO's second in-licensing deal this week (#msg-175967769).