Rise and shine, everyone, another busy day is on the way. Yes, the peak vacation season is unfolding, but the world continues to spin, which means there is always much to do. This calls for a cup or three of stimulation — our flavor today is Southern pecan, for those keeping track — and, as always, we invite you to join us. Or hoist a bottle of water, if you prefer. As usual, here are some tidbits to help you along. Have a wonderful day and do keep in touch …
Novo Nordisk (NVO) may drop insulin prices in the U.S. next year as Sanofi (SNY) cuts prices of its own Lantus due to biosimilar competition, Pharmaphorum writes. Novo Nordisk expects average prices after rebates to be lower than levels in 2017 as prices of basal insulin are falling. Novo, Sanofi, and Eli Lilly (LLY) have been accused by lawmakers and in consumer lawsuits of collusion over high insulin prices. Novo maintains list prices have not kept up with rebates.
Teva Pharmaceutical (TEVA) employees in Israel are pushing back against proposed job cuts and demanding managers share the pain as the world’s biggest generic drug maker tries to recover from $43 billion in botched deals that left it mired in debt, Bloomberg News reports. The demands present yet another front for a company under siege from investors, creditors, and its own government.
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