Novo Nordisk strengthens patent position within inhaled insulin

Published: 7-Jul-2006

Healthcare group Novo Nordisk\'s has struck an agreement with California-based developer of drug delivery devices Aradigm Corp, which gives Aradigm a cash infusion of US$27.5m and will strengthen Novo Nordisk\'s patent position within the area of inhaled insulin.


Healthcare group Novo Nordisk's has struck an agreement with California-based developer of drug delivery devices Aradigm Corp, which gives Aradigm a cash infusion of US$27.5m and will strengthen Novo Nordisk's patent position within the area of inhaled insulin.

Novo Nordisk has one of the broadest diabetes product portfolios in the industry and Aradigm has been developing with Novo Nordisk the AERx (iDMS) - an electronic delivery system for administering human insulin by inhalation, which entered into phase 3 development in May 2006.

The deal comprised an intellectual property assignment, a royalty prepayment and an eight-year promissory note. The total financial consideration to Aradigm Corporation under this restructuring is US$27.5m.

"Together with this cash infusion, Aradigm now has more than $35m in cash which will advance our AERx respiratory focused programs including our self-initiated liposomal ciprofloxacin program for the treatment of cystic fibrosis related infections," said Dr Bryan Lawlis, Aradigm's ceo.

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