Today’s news / Novo inks billion kroner deal for experimental Chinese weight-loss pill
This is what Novo's logo looks like after they changed their name and turned the bull around a few weeks ago. (Archive photo). Photo: Tom Little/Reuters

Novo inks billion kroner deal for experimental Chinese weight-loss pill

Danish pharmaceutical company Novo has secured rights in most of the world to develop, produce and sell an experimental weight-loss pill from Chinese company Jiangsu Hengrui Pharmaceuticals.

Novo announced the licensing agreement Tuesday. The deal is worth up to 2.6 billion dollars, equivalent...

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