Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



EU OKs Novo Nordisk Diabetes Drugs

Danish pharmaceutical company Novo Nordisk (NYSE: NVO  ) announced in a press release Monday that the European Commission has approved the company's applications to market its Tresiba and Ryzodeg drugs in Europe to treat adults with diabetes.

This latest strong note marks another step forward for Novo Nordisk's insulin diabetes treatments, as Tresiba and Ryzodeg received regulatory approval in Japan in September and December of last year, respectively. Both drugs are waiting on FDA approval in the United States after each gained a positive recommendation from the FDA advisory committee in November.

According to Monday's release, Novo Nordisk plans to launch Tresiba in the United Kingdom and Denmark in the first half of this year, with further European releases planned throughout 2013 and 2014. The company will launch Ryzodeg a year after Tresiba.

Analysts have been optimistic on Novo Nordisk's prospects with the drugs, projecting peak sales for the Tresiba/Ryzodeg diabetes-treating franchise that range from $2 billion to $4 billion per year.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2208247, ~/Articles/ArticleHandler.aspx, 9/29/2016 8:32:55 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:02 PM
NVO $43.74 Down -0.11 -0.25%
Novo Nordisk CAPS Rating: *****