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News 2026-09-29 05:13 UTC

Hengrui Pharma Licenses HRS-1596 To Novo For Up To $2.6B

Hengrui Pharma granted Novo Nordisk exclusive rights (ex-China regions) to develop and commercialize HRS-1596, with deal value up to $2.6B including a $300M upfront payment. Closing is subject to HSR clearance and other conditions, expected in Q4 2026.Material DetailsContext by AI AnalystThis is an…

News 2026-09-29 04:38 UTC

Novo Nordisk (NOVO_B) Licenses HRS-1596 In Deal Worth Up To $2.6B

Novo Nordisk entered an exclusive license with Hengrui Pharma for HRS-1596, a phase 1-ready once-weekly oral GLP-1/GIP agonist, including $300M upfront and up to $2.6B in milestones. Rights cover all markets except mainland China, Hong Kong, Macao and Taiwan.Material DetailsContext by AI AnalystThi…