German watchdog approves Novo's acquisition of Cardior Pharmaceuticals

Reuters

April 18, 2024 at 5:11 AM

FILE PHOTO: Novo Nordisk logo above the entrance to their offices in Copenhagen

BERLIN (Reuters) - The German cartel office has approved a deal by Denmark's Novo Nordisk to purchase Cardior Pharmaceuticals, the regulator said in a statement on Thursday.

The acquisition of Hanover-based Cardior Pharmaceuticals for up to 1.03 billion euros ($1.1 billion) comes as Novo works to expand its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments.

(Writing by Rachel More; Editing by Miranda Murray)

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