News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Novo Nordisk A/S (NVO) To Pay $58.7 Million For Failing To Warn Doctors Of Cancer Risk For Diabetes Drugs



9/6/2017 6:54:06 AM

  Life Sciences Jobs  
  • Newest Jobs - Last 24 Hours
  • California Jobs
  • Massachusetts Jobs
  • New Jersey Jobs
  • Maryland Jobs
  • Washington Jobs
  View More Jobs
Novo Nordisk Announces Conclusion Of U.S. Federal Investigation Of Marketing Practices

PLAINSBORO, N.J., Sept. 5, 2017 /PRNewswire/ -- Today, Novo Nordisk announced it has reached a resolution with the U.S. federal government and the states about an investigation launched in February 2011 concerning sales and marketing practices for Victoza®, a medicine used to treat type 2 diabetes. The investigation was disclosed by Novo Nordisk for the first time in a company announcement on February 16, 2011.

The settlement resolves claims alleging Novo Nordisk did not fully comply with communicating safety information based on a U.S. Food and Drug Administration (FDA)-approved Risk Evaluation and Mitigation Strategy (REMS) for Victoza®. Under the terms of the settlement agreement, Novo Nordisk will pay approximately $46.5 million to the federal government and to states that reimbursed for Victoza® under their Medicaid programs. Additionally, Novo Nordisk will pay $12.15 million to resolve a complaint filed by the government on behalf of the FDA in federal court. In connection with this settlement, the Company has also resolved several private whistle-blower cases related to the government's investigation. The U.S. Department of Health & Human Services, Office of Inspector General, determined that it would not seek a Corporate Integrity Agreement as part of this settlement.

"At Novo Nordisk, we take our responsibility to communicate the safety and clinical benefits of our medicines seriously, and remain committed to properly addressing safety questions healthcare professionals ask every day," said Doug Langa, Senior Vice President, Head of North America Operations and President of Novo Nordisk Inc. "Our focus will always be to ensure that those caring for patients have the data they need to make the most informed treatment decision. While we do not agree with the U.S. government's legal conclusions and deny any wrongdoing, we're pleased to have negotiated a resolution that allows the company to return its full attention to developing medicines that help improve the lives of patients."

About Novo Nordisk
Novo Nordisk is a global health care company with more than 90 years of innovation and leadership in diabetes care. This heritage has given us experience and capabilities that also enable us to help people defeat other serious chronic conditions: hemophilia, growth disorders and obesity. With U.S. headquarters in Plainsboro, N.J., Novo Nordisk Inc. has nearly 5,000 employees in the United States. For more information, visit novonordisk.us or follow us on Twitter: @novonordiskus.

Novo Nordisk, Inc.  (PRNewsFoto/Novo Nordisk)

View original content with multimedia:http://www.prnewswire.com/news-releases/novo-nordisk-announces-conclusion-of-us-federal-investigation-of-marketing-practices-300514164.html

SOURCE Novo Nordisk


Read at BioSpace.com


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES