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Veru (NASDAQ: VERU) secures Novo Nordisk Wegovy supply for Phase 2b obesity trial

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Veru Inc. entered a clinical supply agreement with Novo Nordisk A/S to support Veru’s Phase 2b PLATEAU obesity study. The trial will test Veru’s oral selective androgen receptor modulator enobosarm in combination with Novo Nordisk’s Wegovy (semaglutide) in older adults with obesity already receiving Wegovy for weight reduction.

Veru will sponsor and run the Phase 2b study, while Novo Nordisk will supply Wegovy at no charge for use solely within the trial. Veru will share trial design insights, methodology, and ongoing safety and protocol updates with Novo Nordisk. Veru keeps full global development and commercialization rights to enobosarm but grants Novo Nordisk a right of first negotiation if Veru later pursues development, commercialization, or licensing of enobosarm in combination with any Novo Nordisk GLP‑1 product.

The disclosure highlights typical clinical and regulatory risks, including whether PLATEAU will meet endpoints, FDA feedback and approvals, potential delays in enrollment, and the possibility that the Novo Nordisk supply arrangement can be terminated for convenience on 60 days’ notice. Veru also cites financing needs and the effect of SEC “baby shelf” rules as additional risk factors.

Positive

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Insights

Veru secures no-cost Wegovy supply and strategic option for Novo Nordisk.

Veru now has Wegovy supplied at no charge by Novo Nordisk for its Phase 2b PLATEAU obesity study combining enobosarm with a GLP‑1 RA. This lowers direct study drug costs and aligns Veru’s program with a leading obesity brand while it continues to sponsor and control the trial.

The agreement is limited in scope: Novo Nordisk’s role is confined to clinical supply and data sharing, and it explicitly does not endorse enobosarm or the combination approach. Veru retains global rights to enobosarm but grants Novo Nordisk a right of first negotiation for any future combination with Novo Nordisk GLP‑1 products, which could streamline partnering discussions if the data are favorable.

Risk factors remain substantial. PLATEAU may not meet endpoints, FDA may disagree with trial designs, and financing is flagged as a concern, including constraints from SEC “baby shelf” rules. The supply deal can also be terminated for convenience by Novo Nordisk on 60 days’ notice, so long‑term collaboration depends on future trial progress and corporate decisions.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Phase of PLATEAU study Phase 2b PLATEAU clinical study stage for enobosarm plus Wegovy in obesity
Termination notice period 60 days Novo Nordisk may terminate the supply agreement for convenience on 60 days’ notice
Form type Form 8-K Item 8.01 Other Events disclosure of the clinical supply agreement
Year-end referenced September 30, 2026 Year-end cited for Veru’s Form 10-K in referenced risk filings
clinical supply agreement regulatory
"entered into a clinical supply agreement (the “Supply Agreement”) with Novo Nordisk A/S"
Phase 2b PLATEAU clinical study medical
"in conjunction with the Company’s Phase 2b PLATEAU clinical study"
selective androgen receptor modulator medical
"the Company’s oral, first-in-class, novel small molecule, selective androgen receptor modulator"
A selective androgen receptor modulator (SARM) is a type of drug that aims to mimic some effects of male hormones on muscle and bone while targeting only certain tissues, like using a key that opens some doors but not others. Investors track SARMs because they promise therapies with fewer side effects than traditional hormone treatments, which can affect approval prospects, market size, regulatory risk and potential revenue for companies developing them.
GLP-1 RA medical
"Wegovy®** (semaglutide for injection), a GLP-1 RA, in older adults with obesity"
Glucagon-like peptide-1 receptor agonists (GLP-1 RAs) are a class of prescription medicines that mimic a naturally occurring gut hormone to lower blood sugar and often reduce appetite and body weight; think of them as a thermostat that helps reset signals for hunger and insulin. For investors, they matter because approvals, safety data, patent status, and pricing determine large market potential, recurring revenue from chronic use, and competitive dynamics in diabetes and weight-management markets.
right of first negotiation financial
"the Company has granted Novo Nordisk a right of first negotiation in the Supply Agreement"
baby shelf rules regulatory
"the effect of the SEC’s “baby shelf” rules on the Company’s ability to raise sufficient capital"
A baby shelf rule lets a smaller or emerging issuer pre-clear a modest amount of securities with regulators so it can sell them quickly later without a full new approval each time. For investors, it matters because it makes fundraising faster and more flexible for the company—affecting the timing of new share issues, potential dilution, and how easily the company can access cash when opportunities or needs arise, similar to a pre-approved short-term credit line.
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false 0000863894 0000863894 2026-06-02 2026-06-02
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): June 2, 2026
 

 
VERU INC.
(Exact name of registrant as specified in its charter)
 
Wisconsin
 
1-13602
 
39-1144397
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
2916 N. Miami Avenue, Suite 1000, Miami, Florida 33127
Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (305) 509-6897
 
Not Applicable
(Former name or former address, if changed since last report.)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value per share
VERU
NASDAQ Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 


 
 

Item 8.01         Other Events
 
On June 2, 2026, Veru Inc. (the “Company”) entered into a clinical supply agreement (the “Supply Agreement”) with Novo Nordisk A/S (“Novo Nordisk”) in conjunction with the Company’s Phase 2b PLATEAU clinical study.* The objective of the Phase 2b PLATEAU clinical study is to evaluate the combination of enobosarm, the Company’s oral, first-in-class, novel small molecule, selective androgen receptor modulator, with Novo Nordisk’s Wegovy®** (semaglutide for injection), a GLP-1 RA, in older adults with obesity who are receiving Wegovy® therapy for weight reduction.
 
Under the terms of the Supply Agreement, the Company is solely responsible for conducting and sponsoring the Phase 2b PLATEAU clinical study while Novo Nordisk will supply Wegovy® to the Company at no charge and as required for the conduct of the Phase 2b PLATEAU study. Novo Nordisk provides Wegovy® solely for use within the study under a clinical supply agreement. In return, the Company will provide Novo Nordisk with insights into obesity and weight management trial design, methodology, and clinical conduct, including regular clinical study updates, protocol changes, and safety updates. While the Company maintains full global development and commercialization rights to enobosarm, the Company has granted Novo Nordisk a right of first negotiation in the Supply Agreement if the Company in the future intends to develop, commercialize, or license enobosarm intellectual property in combination with any Novo Nordisk GLP-1 product, including Wegovy®, for any indication.
 
Forward-Looking Statements
 
This report contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, express or implied statements related to the planned design, enrollment, timing, commencement, interim, topline and full data readout timing, scope and regulatory pathways for the continued development of enobosarm in patients with obesity, including the PLATEAU Phase 2b study; whether the PLATEAU trial will successfully meet any of its primary or secondary endpoints; and whether enobosarm in combination with a GLP-1 RA drug will provide a higher quality and/or greater quantity weight loss in patients and whether this combination therapy will be the next generation drug that makes weight reduction more tissue selective for loss of fat, preservation of lean mass and physical function, improved body composition and maintaining or increasing bone mineral density. Forward-looking statements in this report can be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “opportunity,” “plan,” “predict,” “potential,” “estimate,” “should, ” “will,” “would” or the negative of these terms or other words of similar meaning. Any forward-looking statements in this report are based upon the Company’s current plans and strategies and reflect the Company’s current assessment of the risks and uncertainties related to its business and are made as of the date of this report. The Company assumes no obligation to update any forward-looking statements contained in this release because of new information or future events, developments or circumstances. Such forward-looking statements are subject to known and unknown risks, uncertainties and assumptions, and if any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company’s actual results could differ materially from those expressed or implied by such statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, the development of the Company’s product portfolio and the results of clinical studies, including any interim or topline analysis, possibly being unsuccessful or insufficient to meet applicable regulatory standards or warrant continued development; although the Company has sought and received feedback from the FDA on the designs of its clinical trials and intends to continue to do so, the FDA may ultimately disagree that the Company’s clinical trials support approval; the Company’s ability to reach agreement with FDA on study design requirements for the Company’s planned clinical studies, including for the Phase 2b program for enobosarm as a weight loss or body composition drug and the number of future Phase 3 studies to be required and the cost thereof; potential delays in the timing of and results from clinical trials and studies, including as a result of an inability to enroll sufficient numbers of subjects in clinical studies or an inability to enroll subjects in accordance with planned schedules; the timing of any submission to the FDA or any other regulatory authority and any determinations made by the FDA or any other regulatory authority; the potential for disruptions at the FDA or other government agencies to negatively affect our business, including as a result of a future shutdown of the U.S. government or any of its agencies; any products of the Company, if approved, not being commercially successful; the risk that the Supply Agreement with Novo Nordisk could be terminated prior to the completion of the Company’s PLATEAU Phase 2b clinical trial, including pursuant to a provision that permits Novo Nordisk to terminate for convenience upon 60 days’ prior notice; the ability of the Company to obtain sufficient financing, including any partnership or collaboration agreements, on acceptable terms when needed to fund development and operations and to enable us to continue as a going concern; and the effect of the SEC’s “baby shelf” rules on the Company’s ability to raise sufficient capital when needed. This list is not exhaustive and other risks are detailed in the Company’s periodic reports filed with the SEC, including the Company’s Form 10-K for the year ended September 30, 2026 and in the Company’s subsequent Quarterly Reports on Form 10-Q, which are available at www.sec.gov.
 
 
*Novo Nordisk’s participation in the PLATEAU study does not constitute endorsement of enobosarm or the combination approach tested in the study and Novo Nordisk’s supply of Wegovy® (semaglutide) for the study does not constitute any representation regarding semaglutide’s requirement for adjunctive therapy.
 
**Wegovy® is a registered trademark of Novo Nordisk A/S.
 
2

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
     
Date: June 4, 2026
VERU INC.         
     
 
By: 
/s/ Michele Greco
   
Michele Greco
   
Chief Financial Officer and
Chief Administrative Officer
 
 
 
3

FAQ

What did Veru (VERU) announce in its latest 8-K filing?

Veru announced a clinical supply agreement with Novo Nordisk, under which Novo Nordisk will supply Wegovy at no charge for Veru’s Phase 2b PLATEAU obesity study combining enobosarm with Wegovy in older adults with obesity already on Wegovy therapy.

How are Veru and Novo Nordisk collaborating around Wegovy in the PLATEAU study?

Novo Nordisk will supply Wegovy to Veru at no charge solely for use in the Phase 2b PLATEAU clinical trial. Veru sponsors and conducts the study and, in return, provides Novo Nordisk with trial design insights, methodology details, and regular clinical, protocol, and safety updates.

Does Veru retain rights to enobosarm under the Novo Nordisk supply agreement?

Veru keeps full global development and commercialization rights to enobosarm. However, it grants Novo Nordisk a right of first negotiation if Veru later seeks to develop, commercialize, or license enobosarm intellectual property in combination with any Novo Nordisk GLP‑1 product, including Wegovy, for any indication.

What is the goal of Veru’s Phase 2b PLATEAU obesity clinical study?

The Phase 2b PLATEAU study aims to evaluate enobosarm, an oral selective androgen receptor modulator, combined with Wegovy in older adults with obesity. It will assess whether the combination improves quality and quantity of weight loss, body composition, lean mass preservation, physical function, and bone mineral density.

Can Novo Nordisk end its Wegovy supply to Veru for the PLATEAU trial?

Yes. The agreement includes a risk that Novo Nordisk may terminate the supply arrangement for convenience on 60 days’ prior notice. Termination before the PLATEAU trial completes could affect Veru’s ability to continue the study as currently designed with Wegovy supplied under this agreement.

What key risks does Veru highlight around enobosarm and the PLATEAU program?

Veru notes that clinical results, including interim or topline data, may not meet regulatory standards; FDA may disagree on trial designs; enrollment could be delayed; and products, if approved, may not be commercially successful. It also cites financing needs and SEC “baby shelf” rules as additional constraints.

Filing Exhibits & Attachments

4 documents