Novo Nordisk to buy Akero Therapeutics for up to $5.2 billion

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A presumption of the logo of Novo Nordisk astatine the company's bureau successful Bagsvaerd, connected the outskirts of Copenhagen, Denmark, March 8, 2024. 

Tom Little | Reuters

Novo Nordisk said connected Thursday it agreed to bargain Akero Therapeutics for up to $5.2 billion, giving the Danish drugmaker entree to the U.S.-based company's experimental liver illness drug.

Akero's experimental drug, efruxifermin, is being studied successful patients with terrible scarring oregon cirrhosis owed to a benignant of fatty liver illness known arsenic metabolic dysfunction-associated steatohepatitis (MASH).

Under the deal, Novo would wage Akero shareholders $54 per stock successful currency and an further $6 per stock upon afloat U.S. support of efruxifermin for attraction of compensated cirrhosis owed to MASH by June 30, 2031, the companies said.

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