Omeros Stock Soars 181% on Novo Nordisk Deal—Is It Sustainable?
Omeros Corporation's shares skyrocketed 181% overnight following a $340 million upfront deal with Novo Nordisk for global rights to develop complement system inhibitor zaltenibart. The clinical-stage biopharma, which has no commercial products, now faces a pivotal moment as its market cap remains below $700 million despite the windfall.
Novo Nordisk's commitment includes potential milestone payments up to $2.1 billion, yet Omeros' long-term viability remains unproven. The company's lead candidate narsoplimab trails zaltenibart in development, underscoring the high-risk, high-reward nature of speculative biotech investments.