Pharma BD Deal Intelligence

Novo Nordisk A/S / Omeros Corporation

2025 · Asset Purchase · $2.1B · Complete

Novo Nordisk and Omeros announced a definitive asset purchase and license agreement giving Novo Nordisk exclusive global rights to zaltenibart (OMS906), a late-stage clinical humanized monoclonal antibody targeting MASP-3, the most upstream activator of the alternative complement pathway, in development for rare blood and kidney disorders. Omeros is eligible for $340 million in upfront and near-term milestone payments and up to $2.1 billion in total including development and commercial milestones, plus tiered royalties on net sales. The transaction closed December 1, 2025.

This deal is too recent to grade. Critic Score and Outcome Score are assigned after the announcement-week coverage settles and, for Outcome, after the 5-year post-close assessment window opens — expected 2030 at the earliest for this deal.

Key facts

Related deals

See the full interactive analysis, sources & comparables →