Very terrible
news for Novo Nordisk:
Novo
Nordisk A/S (NOVOB), the world’s biggest insulin maker, fell the
most in 14 months after U.S. regulators disclosed that a scheduled
advisory panel on the diabetes treatment Tresiba will focus on
cardiovascular risks.
Novo
needs the medicine, a long-acting insulin also known as degludec, to
wrest market share from Paris-based Sanofi (SAN)’s best-selling
Lantus, which generated $5.5 billion in revenue last year, according
to data compiled by Bloomberg. Novo said in September that nothing
gave it concern about Tresiba’s safety.
Regulators have to be more careful: Novo realy needs this
drug, really needs the multi-billion revenue. I will pay very much
attention to the situation...
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