Pharma BD Deal Intelligence

OPKO Health, Inc. / Entera Bio Ltd.

2025 · Co-Development · Complete

OPKO Health and Entera Bio entered a collaboration and license agreement to develop an oral dual agonist GLP-1/glucagon peptide as a once-daily tablet for obesity and metabolic and fibrotic disorders. The program combines OPKO's long-acting oxyntomodulin analog OPK-88006 with Entera's N-Tab oral delivery technology. OPKO and Entera hold 60% and 40% pro-rata ownership interests in the program and bear 60% and 40% of development costs respectively. The companies expected to file an IND with the FDA later in 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, once/if it closes.

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