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Akero Therapeutics to be Acquired by Novo Nordisk in Deal Worth Up to $5.2 Billion

06:28 AM EDT, 10/09/2025 (MT Newswires) -- Akero Therapeutics (AKRO) said Thursday that it will be acquired by Novo Nordisk (NVO) in a deal valued at up to $5.2 billion in cash.

Under the terms of the agreement, the company said its shareholders will receive $54 per share upfront and a non-transferable contingent value right entitling its holder to receive an additional $6 per share if Akero's drug, efruxifermin, receives full US approval for cirrhosis due to metabolic dysfunction-associated steatohepatitis by June 30, 2031, the drugmaker said.

It added that the acquisition is expected to close by the end of the year.