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Merrion Pharma Says Novo Nordisk Won’t Be Exercising Option

Oct. 20 (Bloomberg) -- Merrion Pharmaceuticals Plc said it has been informed by its partner, Novo Nordisk A/S, that Novo will not be exercising an option described in the agreement announced by Merrion on Dec. 22. “Merrion will not meet its revenue targets for 2011,” it said.    Link to Statement:{NSN LTDEEY3HBS3K <GO>}

Link to Company News:{MERR ID <Equity> CN <GO>} Link to Company News:{NOVOB DC <Equity> CN <GO>}

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

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