Pharma Focus Asia

Novo shares jump five percent after FDA approves new diabetes drug

Monday, September 28, 2015

Shares in Novo Nordisk rose as much as 5 percent on Monday after the U.S. Food and Drug Administration (FDA) late on Friday approved the Danish drugmaker's diabetes drug Tresiba, two years after rejecting the long-acting form of insulin.

The agency also approved the company's Ryzodeg, an injection that combines Tresiba and a fast-acting form of insulin.

 

reuters.com

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