Insulin giant pulls medicine from Greece over price cut
The world’s leading supplier for the anti-diabetes drug insulin is withdrawing a state-of-art medication from Greece.
Novo Nordisk, a Danish company objects to a government decree ordering a 25% price cut in all medicines.
More than 50,000 Greeks with diabetes use Novo Nordisk’s product, which is injected via an easy-to-use fountain pen-like device. Diabetic people in Greece have warned that some could die as a result of this action.
But a spokesman of Novo Nordisk said that this issue was not about killing people.
By way of compensation, he said the company would make available an insulin product called glucagen, free of charge.
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Posted by PatrickFerrel on May 29 2010 Filed under Europe. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
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