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The company is led by Ron Renaud, a veteran biotech executive who previously built and sold three companies: Idenix Pharmaceuticals, Translate Bio, and most recently Cerevel Therapeutics, which was acquired by AbbVie in 2024 for approximately $8.7 billion

Despite treatments such as Ozempic being recently introduced, and the Nobel Assembly at the Karolinska Institute more often honouring discoveries that are decades old, "it could also be perfect timing" for GLP-1 recognition "because the discovery itself was made back in the 80s", Brostrom said

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