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Partnership Termination

All articles tagged with #partnership termination

Hims & Hers Stock Plummets as Novo Nordisk Ends Wegovy Deal Over Marketing Concerns

Originally Published 6 months ago — by TipRanks

Hims & Hers stock dropped about 35% after Novo Nordisk ended its partnership, citing illegal sales of copycat drugs, leading to multiple analyst downgrades due to legal and competitive concerns. Wall Street remains cautious, with a consensus of hold ratings and concerns over potential litigation and impact on revenue.

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Sanofi's Partnership with Maze Terminated Amidst FTC Obstacles

Originally Published 2 years ago — by STAT

Maze Therapeutics CEO, Jason Coloma, expressed personal disappointment after learning that Sanofi terminated their partnership to develop an experimental drug for Pompe disease through a public statement, rather than direct communication. Sanofi cited disagreement with the U.S. Federal Trade Commission's decision to block the licensing deal but decided against legal action, stating it was not in the best interest of patients.

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