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Variant Bio Announces $50 Million Collaboration with Novo Nordisk for Developing Drugs from Indigenous Population Genetic Data

Jan 07, 2025over 1 year ago

Contract Type

partnership

SeattleBiotechnology

Description

Variant Bio, a Seattle-based drug company, revealed a $50 million partnership with Novo Nordisk to create drugs for metabolic disorders using genetic data from Indigenous populations in nine countries or territories, including the Māori. The company plans to share a portion of the funds with the communities it worked with and provide resulting medicines at affordable prices to those communities.

Company Information

Company

Variant Bio

Location

188 E Blaine St, Suite 126

Seattle, Washington, United States

About

Variant Bio is developing therapies that will improve global health by studying the genes of people who are outliers for medically relevant traits.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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