U.S. Insulin Prices Rise as Sanofi (France) (SAN.PA), Novo Nordisk A/S (NVO) Await Rivals
8/16/2013 7:25:30 AM
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Sanofi (SAN) raised the U.S. price of its Lantus insulin for a second time this year and Novo Nordisk A/S (NOVOB) may follow suit before an onslaught of generics increases competition in the $35 billion diabetes market. Sanofi raised the U.S. wholesale price of its Lantus vials by almost 15 percent to $16.64 per milliliter and of its Lantus Solostar injection pens by almost 10 percent to $18.38 per milliliter, Jack Cox, a spokesman for Paris-based Sanofi, said in an e-mail. Those increases followed a 10 percent price increase in April for both versions of Lantus, the world’s best-selling diabetes treatment.
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