ROSELAND, N.J., March 29, 2017 (GLOBE NEWSWIRE) -- Emisphere Technologies, Inc. (OTCBB:EMIS) today reported financial results for the fourth quarter and full fiscal year ended December 31, 2016, and provided an overview of corporate accomplishments and plans.
“The last twelve months have been a pivotal time for Emisphere,” said Alan L. Rubino, President and Chief Executive Officer of Emisphere. “With our most advanced partner, Novo Nordisk A/S (NYSE:NVO), commencing Phase 3a development with oral semaglutide, a once daily treatment for Type 2 diabetes which utilizes SNAC, one of our Eligen® Technology carriers. We expanded on the Novo Nordisk partnership during the fourth quarter of 2015 with the execution of a new license agreement for the potential development of four new oral formulations targeting major metabolic disorders, and have been working on expanding this key collaboration to continue the validation for our Eligen® Technology and its ability to facilitate absorption from the gastrointestinal tract.”
“The last twelve months have been a pivotal time for Emisphere,” said Alan L. Rubino, President and Chief Executive Officer of Emisphere. “With our most advanced partner, Novo Nordisk A/S (NYSE:NVO), commencing Phase 3a development with oral semaglutide, a once daily treatment for Type 2 diabetes which utilizes SNAC, one of our Eligen® Technology carriers. We expanded on the Novo Nordisk partnership during the fourth quarter of 2015 with the execution of a new license agreement for the potential development of four new oral formulations targeting major metabolic disorders, and have been working on expanding this key collaboration to continue the validation for our Eligen® Technology and its ability to facilitate absorption from the gastrointestinal tract.”
