Novo Nordisk targets bigger slice of diabetes market with new tablet

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Danish drugmaker Novo Nordisk is aiming for a big slice of the multibillion-dollar diabetes market with a new pill, approved by U.S. authorities ...

COPENHAGEN: Danish drugmaker Novo Nordisk is aiming for a big slice of the multibillion-dollar diabetes market with a new pill, approved by U.S. authorities on Friday, that caters for patients with an aversion to needles.

"We have only worked with around 25per cent of the patients so far and we see it as a breakthrough because we can now also address the tablet-based market," chief scientific officer Mads Krogsgaard Thomsen told Reuters on Monday. However, chief financial officer Karsten Munk Knudsen told analysts the monthly price would be similar to the company's once-weekly injectable version of semaglutide, Ozempic, which has a list price of nearly US$800 per month."Overall this removes a concern that the company would have been forced much lower on price," said Bernstein analyst Wimal Kapadia, who has an 'outperform' rating on Novo shares.

"We have a very strong position if you look at the leading tablet treatments in the market," Thomsen said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Big Brother targets businessBEIJING (NYTIMES) - China is funnelling vast amounts of public and private data into huge databases aimed at tightening its control over its nearly 1.4 billion people.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »