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Vivani Medical Enters into Agreement with Novo Nordisk to Evaluate NPM-139, a Miniature, Ultra Long-Acting Semaglutide Implant for Chronic Weight Management

(Moderate)
(Positive)
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Vivani Medical (Nasdaq: VANI) signed a new agreement with Novo Nordisk to allow a non-exclusive internal evaluation of NPM-139, a semaglutide implant using Vivani’s NanoPortal™ technology for chronic weight management.

Vivani also expects to begin a Phase 1 first-in-human study of NPM-139 with Wegovy injections as an active comparator in mid-2026, focused on safety, pharmacokinetics, and tolerability to support a potential Phase 2 dose-ranging trial.

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Positive

  • Non-exclusive agreement with Novo Nordisk to evaluate NPM-139 semaglutide implant
  • External validation interest in Vivani’s NanoPortal ultra long-acting implant platform
  • NPM-139 targets chronic weight management with once- or twice-yearly dosing potential
  • Planned Phase 1 first-in-human study of NPM-139 expected to start in mid-2026

Negative

  • Agreement limited to internal evaluation with no disclosed commercial or licensing terms
  • NPM-139 remains pre-Phase 1; human safety and efficacy are not yet established
  • Advancement to Phase 2 dose-ranging study depends on successful Phase 1 results

Market reaction after NPM-139 evaluation partnership: VANI +3.85% in the Jul 7 session

+3.85% 50.8x vol
29 alerts
+3.85% Session close to close
+11.5% Peak Tracked
-12.8% Trough Tracked
$112.11M Market Cap
50.8x Rel. Volume

In the Jul 7 session, VANI gained 3.85%, reflecting a moderate positive market reaction. Argus tracked a peak move of +11.5% during that session. Argus tracked a trough of -12.8% from its starting point during tracking. Our momentum scanner triggered 29 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 50.8x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Novo Nordisk’s non-exclusive evaluation of NPM-139 highlights third-party interest in Vivani’s GLP-1...
Analysis

Novo Nordisk’s non-exclusive evaluation of NPM-139 highlights third-party interest in Vivani’s GLP-1 implant approach. Investors may weigh this against mixed past reactions to clinical milestones and the execution risk in advancing from Phase 1 to dose-ranging studies.

Historical Context

5 past events · Latest: Jul 02 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 02 merger agreement Positive +2.4% Merger deal for Cortigent with ClearOne and majority post-close ownership.
Jul 02 merger agreement Positive +2.4% ClearOne merger announcement with Cortigent and planned financing.
Jun 26 board change Neutral +5.3% Appointment of August Moretti to board and committee roles.
Jun 25 clinical trial Positive -6.6% Approval to initiate SLIM-1 Phase 1 trial of NPM-139 in obesity.
Jun 22 conference presentation Neutral +5.3% CEO scheduled to present company overview at BIO convention.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Vivani headlines have more often seen positive share reactions, with one notable negative move following a clinical trial initiation approval.

Key Terms

semaglutide, glp-1, pharmacokinetics, randomized, +1 more
5 terms
semaglutide medical
"agreement with Novo Nordisk to enable Novo Nordisk to evaluate NPM-139, the Company’s semaglutide drug implant."
Semaglutide is a medication originally developed to help manage blood sugar levels in people with diabetes, but it also promotes weight loss. It works by mimicking a natural hormone that helps control appetite and insulin release. For investors, its potential to influence healthcare and weight management markets makes it a significant product in the pharmaceutical industry.
glp-1 medical
"market opportunity for our GLP-1 implants under development."
GLP-1 (glucagon-like peptide-1) is a natural hormone in the body that helps regulate blood sugar levels and appetite. Its significance to investors lies in its role as the basis for a class of medications that address conditions like type 2 diabetes and obesity, which are large and growing markets. Advances or investments in GLP-1-based treatments can signal opportunities in healthcare innovation and potentially impact pharmaceutical companies’ growth.
pharmacokinetics medical
"The study’s objectives are to characterize the safety, pharmacokinetics, and tolerability of NPM-139"
Pharmacokinetics is the study of how a substance, such as a drug or chemical, moves through and is processed by the body over time. It tracks how it is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps gauge the effectiveness, safety, and potential risks of new medications or treatments, which can influence a company’s success and valuation in the healthcare industry.
randomized medical
"Phase 1, randomized, first-in-human study evaluating the NPM-139 semaglutide implant"
Randomized means participants or units in a study are assigned to different groups by chance rather than by choice, like flipping a coin to decide who gets a new treatment and who gets a comparison. For investors, randomized designs matter because they reduce bias and make results more trustworthy, so outcomes from randomized studies carry more weight when assessing regulatory approval, commercial prospects, and the risk that trial results will change a company’s valuation.
first-in-human medical
"Phase 1, randomized, first-in-human study evaluating the NPM-139 semaglutide implant"
A first-in-human study is the initial test of a new drug, medical device, or therapy in people to check safety, side effects and appropriate dosing. It matters to investors because it marks a major development milestone: successful early human testing can reduce scientific and regulatory uncertainty, much like moving a prototype from the workshop to a real-world test drive, and often affects a company’s valuation and funding prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Novo Nordisk will conduct a non-exclusive internal evaluation of semaglutide implants prepared by Vivani

ALAMEDA, Calif., July 07, 2026 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. (Nasdaq: VANI) (“Vivani” or the “Company”), an innovative, biopharmaceutical company developing novel, ultra long-acting drug implants, today announced the signing of a new agreement with Novo Nordisk to enable Novo Nordisk to evaluate NPM-139, the Company’s semaglutide drug implant. NPM-139, which utilizes Vivani’s NanoPortal™ platform technology, is under development for chronic weight management. There are no exclusivity provisions for NPM-139, or Vivani’s proprietary NanoPortal technology associated with this agreement.

Vivani Medical, Inc.

Adam Mendelsohn, Ph.D., Vivani President and CEO, stated: “The new agreement announced today supporting our semaglutide implant program in chronic weight management demonstrates Novo Nordisk's interest in evaluating our technology and its lead semaglutide application. This agreement reinforces our confidence regarding the market opportunity for our GLP-1 implants under development. We believe that our NanoPortal implants under development, including NPM-139, could address a growing segment of patients who would prefer a convenient once- or twice-yearly treatment option and the peace of mind that treatment could be stopped at any time if that became necessary.”

Separately, Vivani expects to initiate a Phase 1, randomized, first-in-human study evaluating the NPM-139 semaglutide implant, with Wegovy® injections as an active comparator, in mid-2026. The study’s objectives are to characterize the safety, pharmacokinetics, and tolerability of NPM-139 to support the initiation of a Phase 2 dose-ranging study pending successful results of the Phase 1 study.

About Vivani Medical, Inc.

Leveraging its proprietary NanoPortal™ platform, Vivani develops biopharmaceutical implants designed to deliver drug molecules steadily over extended periods of time with the goal of guaranteeing adherence and improving patient tolerance to their medication. Vivani is developing a portfolio of GLP-1 based implants for metabolic diseases including obesity and type 2 diabetes. These NanoPortal implants are designed to provide patients with the opportunity to realize the full potential benefit of their medication by avoiding the numerous challenges associated with the daily or weekly administration of orals and injectables, including tolerability issues and loss of efficacy. Medication non-adherence occurs when patients do not take their medication as prescribed. This affects an alarming number of patients, approximately 50%, including those taking daily pills. For more information, please visit: www.vivani.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that are used in this press release, including statements regarding Vivani’s business, products in development, including the therapeutic potential thereof, the planned development thereof, and its technology, strategy, cash position and financial runway. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Vivani’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Vivani’s control. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including, without limitation, risks of unexpected costs or delays; and risks and uncertainties associated with the development and commercialization of products and product candidates that may impact or alter anticipated business plans, strategies and objectives. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from our expectations in any forward-looking statement. There may be additional risks that the Company considers immaterial, or which are unknown. A further list and description of risks and uncertainties are more fully described in periodic filings with the U.S. Securities and Exchange Commission including the factors described in Vivani’s most recent Quarterly Report on Form 10-Q filed with the SEC on May 13, 2026, as updated by future filings with the SEC. Any forward-looking statement made by Vivani in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of added information, future developments or otherwise, except as required by law.

Company Contact:
Donald Dwyer
Chief Business Officer
info@vivani.com (415) 506-8462

Investor and Media Relations Contact:
Jami Taylor
Investor and Media Relations Advisor
investors@vivani.com (415) 506-8462

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f2d15b13-32f3-42ba-afed-e1cea67006b1


FAQ

What did Vivani Medical (VANI) announce on July 7, 2026 about NPM-139?

Vivani announced a new agreement allowing Novo Nordisk to internally evaluate NPM-139, its semaglutide implant for chronic weight management. According to Vivani, the deal is non-exclusive and supports its GLP-1 implant strategy alongside plans for an upcoming Phase 1 first-in-human trial.

What is Vivani Medical’s NPM-139 semaglutide implant for chronic weight management?

NPM-139 is a miniature, ultra long-acting semaglutide implant using Vivani’s NanoPortal technology, developed for chronic weight management. According to Vivani, these GLP-1 implants are intended to offer once- or twice-yearly dosing for patients seeking less frequent treatment and flexible discontinuation.

What are the key terms of Vivani’s agreement with Novo Nordisk on NPM-139 (VANI)?

The agreement allows Novo Nordisk to conduct a non-exclusive internal evaluation of Vivani’s NPM-139 semaglutide implant. According to Vivani, there are no exclusivity provisions for NPM-139 or the NanoPortal technology, and the collaboration is focused on technology and product evaluation, not commercialization.

When will Vivani start the Phase 1 trial of NPM-139 and what are its objectives?

Vivani expects to initiate a Phase 1 randomized first-in-human study of NPM-139 in mid-2026. According to Vivani, the trial will evaluate safety, pharmacokinetics, and tolerability to support a potential Phase 2 dose-ranging study, using Wegovy injections as an active comparator.

How will NPM-139 be compared with Wegovy in Vivani Medical’s planned study?

In the planned Phase 1 first-in-human trial, Wegovy injections will serve as an active comparator to NPM-139. According to Vivani, the study aims to characterize safety, pharmacokinetics, and tolerability of the implant relative to injectable semaglutide for chronic weight management.

Does the Novo Nordisk agreement give exclusivity over Vivani’s NPM-139 or NanoPortal platform?

No, the agreement does not provide exclusivity over NPM-139 or the NanoPortal platform. According to Vivani, there are no exclusivity provisions tied to this collaboration, allowing the company to pursue additional partnerships or development paths for its GLP-1 implant programs.