Technology: Novo Nordisk Stock Falls, Sanofi Rises On Drug Delay

Started by MikeLigalig.com, February 18, 2013, 01:28:57 PM

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MikeLigalig.com

February 18, 2013, 01:28:57 PM
Novo Nordisk Stock Falls, Sanofi Rises On Drug Delay

Shares of Novo Nordisk (NVO) plummeted more than 13% and Sanofi (SNY) rose 2% in early trading Monday, a day after Novo announced that its challenger to one of Sanofi's leading diabetes drugs has hit a roadblock. The FDA said it won't approve Novo's long-acting insulin candidate degludec until it gets more data assessing the possible heart risks associated with the drug. This was a surprise since the FDA went beyond the recommendations that its

Source: Novo Nordisk Stock Falls, Sanofi Rises On Drug Delay
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