Novo Nordisk (NYSE:NVO) said this week that the CEO of Canadian biotech Novelion Therapeutics, Mary Szela, left Nordisk’s board effective immediately due to a “potential conflict of interest”.
Szela’s departure follows Novelion’s decision to expand into non-alcoholic steatohepatitis, also known as fatty liver, according to a Nordisk spokeswoman. As the Danish drugmaker faces increasing pricing pressure to its core insulin business, Nordisk is looking to diversity beyond diabetes and NASH is reportedly an area of interest.
NASH, a progressive liver disease, is common in nations with rising rates of obesity and diabetes.
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