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Novo faces new hurdle in long-acting insulin race
Reuters – Novo Nordisk’s bid to challenge Sanofi’s dominance of the long-lasting insulin market hit another snag after U.S. regulators delayed approval of the Danish drugmaker’s degludec until after an expert review. Novo has said degludec could become a blockbuster – defined by the industry as a treatment that generates more than $1 billion in sales within five years of its launch. But some analysts see the drug with peak sales potential as high as the current $5 billion for Sanofi’s top-selling Lantus. Read article
Tags: nature of corporations, pharmaceuticals
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