Pharma BD Deal Intelligence

Novo Nordisk A/S / Dicerna Pharmaceuticals, Inc.

2021 · Acquisition/Merger · $3.3B · Complete

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Oct 11, 2004 Wikipedia Neutral

Novo Nordisk acquired Dicerna Pharmaceuticals for $3.3B for RNAi therapeutics.

Nov 18, 2021 BioSpace Bullish

Novo Nordisk snaps up partner Dicerna for $3.3 billion after their 2019 GalXC RNAi technology collaboration proved successful enough across 30+ liver cell…

Sep 29, 2023 Novo Nordisk / PR Newswire Bullish

FDA approves RIVFLOZA (nedosiran), a once-monthly GalXC RNAi therapy, for primary hyperoxaluria type 1 (PH1) -- the lead asset from the Dicerna acquisition…

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Novo Nordisk acquired Dicerna Pharmaceuticals in an all-cash tender offer at $38.25/share (total equity value ~$3.3B, an ~80% premium), announced November 18, 2021 and completed December 28, 2021. The deal converted a 2019 research collaboration into full ownership of Dicerna's proprietary GalXC and GalXC-Plus RNAi platforms for liver-targeted gene silencing across cardiometabolic, NASH/liver, and rare disease targets. Dicerna was pre-revenue at deal time. The platform thesis was subsequently validated: Dicerna's lead GalXC asset nedosiran was FDA-approved as RIVFLOZA on September 29, 2023 under Novo Nordisk ownership for primary hyperoxaluria type 1 (PH1), and the label was later expanded to children aged 2 and older, giving Novo a marketed RNAi rare-disease product from the acquisition.

Key facts

Related deals — scored

DealYearValueOutcome
Novo Nordisk A/S / Dicerna Pharmaceuticals, Inc. (this deal)2021$3.3B68
Novo Nordisk A/S / Emisphere Technologies2020$1.4B90
Novo Nordisk A/S / Dicerna Pharmaceuticals, Inc.2019$3.3B88
Novo Nordisk A/S / Vivtex Inc.2026$2.1B69
Novo Nordisk A/S / Forma Therapeutics Holdings Inc.2022$1.1B68
Novo Nordisk A/S / Inversago Pharma2023$1.1B61
Novo Nordisk A/S / Forma Therapeutics Holdings Inc.2022$1.1B58

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