Shares of diabetes kingpin Novo Nordisk (NVO -1.96%) are down more than 10% to start the week after a weekend announcement that its new long-acting insulin products, Tresiba and Ryzodeg, were not approved by the Food and Drug Administration. Is this news really worth the $13 billion that investors have lopped off of the company's market cap this morning? In the following video, health care bureau chief Brenton Flynn runs through the story in more detail and discusses why Sanofi (SNY -1.09%) and Eli Lilly (LLY -2.98%) are the beneficiaries.
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Novo Nordisk Fails, Sanofi and Lilly Win
NASDAQ: SNY
Sanofi

The FDA needs more data to give these diabetes drugs the go-ahead.
Brenton Flynn has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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