110

Business

Another win for Novo Nordisk

admin
September 19th, 2014


This article is more than 10 years old.

EU drug approval keeps share price soaring

Novo Nordisk announced yesterday that the European Commission has granted it marketing authorisation in all member states for its new type 2 diabetes drug Xultophy.

The news comes just over a week after the company received positive news regarding the approval process of a separate drug in the US market.

READ MORE: Thumbs up for Novo Nordisk obesity drug

New paradigm
“We believe that Xultophy represents a new paradigm with the potential to transform how type 2 diabetes is treated,” the company’s chief science officer, Mads Krogsgaard Thomsen, said in a press release.

“We look forward to making the product available to people with type 2 diabetes in Europe."

The drug was approved in Switzerland last week. Novo Nordisk wrote in the press release that Xultophy will start to be released on the European market in the first half of 2015.

The market also seems to be reacting positively to Novo’s successes. The share price of the company’s publicly traded B shares has risen from 251.7 kroner on August 18 to 281.6 kroner today.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”