German regulator approves Novo’s acquisition of Cardior Pharmaceuticals

Germany’s cartel authority has approved a deal with Denmark’s Novo Nordisk to buy Cardior Pharmaceuticals, the regulator said in a statement on Thursday. The acquisition of Hannover-based Cardior Pharmaceuticals for 1.03 billion euros ($1.1 billion) comes as Novo works to expand its focus on diabetes and weight-loss methods to include cardiovascular treatments.

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