The two companies have been partners since 2018, when Lilly paid Sigilon $63 million for a licensing deal to develop cell therapies targeting type 1 diabetes and made an undisclosed equity investment.
Tag Archive for: Diabetes
While many employers have been covering weight-loss drugs, Wegovy’s high price and the huge increase in people taking it has them reconsidering when and how to reimburse use of such treatments to prevent a steep spike in health insurance costs, three healthcare industry experts say.
The National Institute for Health and Care Excellence (NICE) in its draft guidance said it asked the company for more data on whether the drug Mounjaro, also known as tirzepatide, resulted in better weight loss than other drugs belonging to the same class of treatments.
The company will now focus on its other therapy danuglipron, which Pfizer said last month helped patients lose weight on par with Novo Nordisk’s Ozempic in a mid-stage study that tested it in patients with Type 2 diabetes.
Every country in the world will see rates of diabetes rise in the next 30 years without action, according to a new global study.
A class-action lawsuit from thousands of third-party payers alleges that the companies broke racketeering laws to market their diabetes drug Actos, while not disclosing its bladder cancer risk.
The agency’s briefing documents highlighted increased risk of diabetes and liver injury from using the obeticholic acid oral tablets for treatment of nonalcoholic steatohepatitis.
The company plans to invest 300 million euros ($330.8 million) over the next five years to build a manufacturing site in Ireland, creating up to 1,000 jobs.
Buoyed by the success of its diabetes and obesity drugs, Novo Nordisk is on the prowl for partnerships and deals to beef up its pipeline, a senior company executive said on Thursday.
Diabetes and obesity drug developer Novo Nordisk on Thursday significantly raised its full-year operating profit and sales expectations on the back of strong demand for its highly popular Wegovy obesity drug.