AAkero Therapeutics develops treatments for non-alcoholic steatohepatitis (NASH), a serious liver disease. Its lead therapy, AKR-001, is designed to treat NASH by lowering liver fat, reducing inflammation, and decreasing fibrosis, while also improving lipoprotein profiles to cut cardiovascular risk. The product works by addressing multiple aspects of liver biology to slow or reverse disease progression, and it moves through clinical trials with the goal of regulatory approval for commercialization. The company earns revenue through research partnerships, licensing deals, and, in the future, product sales. Compared with competitors, Akero emphasizes a holistic, multi-faceted approach to NASH and related metabolic issues and pursues collaborations and licensing to fund development. Its ultimate goal is to bring a approved therapy to patients with NASH and related conditions, helping to reduce liver damage and associated cardiovascular problems.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Cambridge, MA
Founded
2017
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Total Funding
$1.5B
Above
Industry Average
Funded Over
10 Rounds
Bagsværd, Denmark and South San Francisco, CA, US, 9 December 2025– Novo Nordisk and Akero Therapeutics Inc. today announced that Novo Nordisk’ s acquisition of Akero, announced on 9 October 2025, has been completed. With the completion of the transaction, Novo Nordisk has acquired all outstanding shares of common stock and common stock equivalents of Akero for 54...
Novo Nordisk said Thursday it was buying US biotech firm Akero Therapeutics, which is developing treatments for a number of metabolic diseases, for US$4.7 billion.
Akero Therapeutics (AKRO) shares surged 19.12% to $55.38 in pre-market trading following news of its acquisition by Novo Nordisk (NVO) for $54 per share, totaling $4.7 billion. Akero is developing a treatment for metabolic-associated steatohepatitis (MASH), with its lead candidate, efruxifermin (EFX), in Phase 3 trials. Novo Nordisk aims to strengthen its obesity and diabetes treatment portfolio with this acquisition. Novo Nordisk's ADRs fell 1.33% to $58.82.
Akero Therapeutics is set to be acquired by Novo Nordisk for up to $5.2 billion. Shareholders will receive $54 per share in cash and a Contingent Value Right (CVR) of $6 per share, contingent on U.S. regulatory approval of efruxifermin (EFX) by June 30, 2031. The upfront cash offer values Akero at approximately $4.7 billion, a 19% premium to its 30-day VWAP and a 42% premium to its closing price on May 19, 2025.
Akero Therapeutics to present New data from the Phase 2b SYMMETRY and HARMONY studies of efruxifermin at the 76th Annual AASLD The Liver Meeting(R) 2025.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Cambridge, MA
Founded
2017
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