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Business

Time: 2024-07-24

Novo Nordisk's Market Strategy: U.S. Senate Scrutiny

Novo Nordisk's Market Strategy: U.S. Senate Scrutiny
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Novo Nordisk Faces Scrutiny in U.S. Senate

Good morning , everyone , and welcome to another working week . We hope the weekend respite was relaxing and invigorating , because that oh - so predictable routine of online meetings , phone calls , and deadlines has returned . But what can you do ? The world , such as it is , continues to spin . So to nudge it in a better direction , we are brewing cups of stimulation . Our choice today is hazelnut mocha . Please feel free to join us . Meanwhile , here are a few tidbits for you to chew on as you start the day , which we hope is meaningful and productive . Best of luck and , as always , do keep in touch .

Democratic U.S. Senate aides will meet with Novo Nordisk executives on Tuesday to discuss fallout from its decision to stop selling one of its long - acting insulins in the country , Reuters reports . Novo Nordisk will meet with aides for senators Jeanne Shaheen , Raphael Warnock , and Elizabeth Warren . In April , the lawmakers wrote to the company expressing alarm at its decision , announced in November , that it would permanently discontinue Levemir by the end of 2024 . Novo said it has given patients enough time to switch to other options , but is unaware of plans for drugmakers to produce a biosimilar version of the insulin , although Novo would not assert any patent against such a version.

European Health Authorities Issue Caution

European health authorities cautioned that patients undergoing surgery should be warned of a risk of anesthesia complications if they are being treated with diabetes and weight loss drugs from Novo Nordisk and Eli Lilly , Bloomberg News notes . The safety committee of the European Medicines Agency advised patients treated with GLP-1 drugs to inform their doctor before undergoing surgeries with general anesthesia or deep sedation and said product information will be updated accordingly . There is a biologically plausible risk of aspiration of stomach contents for patients under anesthesia and taking such medication , the agency said , even though it did n't find a causal association.

Concerns Over Insulin Discontinuation

Democratic U.S. Senate aides will meet with Novo Nordisk executives to discuss the company 's decision to halt the sale of one of its long - acting insulins in the country . Novo Nordisk will engage with aides for senators Jeanne Shaheen , Raphael Warnock , and Elizabeth Warren , who expressed alarm at the decision to discontinue Levemir by the end of 2024 . The company stated that patients have been given sufficient time to switch to alternative options , but questions remain about the production of a biosimilar version of the insulin .

Risk of Anesthesia Complications

Patients undergoing surgery while being treated with diabetes and weight loss drugs from Novo Nordisk and Eli Lilly should be cautious of anesthesia complications , according to European health authorities . The safety committee of the European Medicines Agency highlighted the need for patients on GLP-1 drugs to inform their doctors before undergoing surgeries with general anesthesia or deep sedation . Precautions are being taken to update product information to address the possible risk of aspiration of stomach contents for patients under anesthesia and taking these medications.

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