MHH spin-off Cardior will be taken over for up to EUR 1.025 billion including an upfront payment and additional payments if certain development and commercial milestones are achieved.
Cardior has pioneered a new approach for the treatment of heart disease by targeting distinctive non-coding RNAs.
Cardior’s Phase II candidate CDR132L is supported by strong Phase I and preclinical data suggesting the compound is safe and able to achieve cardiac functional improvements.
Novo Nordisk has agreed to acquire Ascenion’s portfolio company Cardior Pharmaceuticals for up to EUR 1.025 billion including an upfront payment and additional payments if certain development and commercial aoysfilgbi ide fjxjxmgd.
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