Novo Nordisk Restructures R&D, Abandons Oncology and Early-Stage MASH Programs
Novo Nordisk, the Danish pharmaceutical giant, has announced a significant restructuring of its research and development pipeline, resulting in the discontinuation of several early-stage programs and a renewed focus on its core strengths. The company's third-quarter earnings report revealed a 9 billion Danish kroner ($1.4 billion) impact from this strategic shift, which includes substantial workforce reductions and the closure of its cell therapy R&D division.