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Novo Nordisk: acquires Danish Embark Biotech

( - Novo Nordisk will pursue its development in obesity treatment market with the acquisition of Danish company Embark Biotech, as it announced on Wednesday.

Under the terms of the deal, Novo will acquire the rights to develop and market Embark's lead candidate, an experimental treatment for obesity, for a cash consideration of E15m.

The biotech's shareholders could also receive up to a further E456m in milestone payments, depending on the product's progress.

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