Novo Nordisk, Sanofi and Eli Lilly cut insulin prices and lose share in China's latest...

cafead

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  • cafead   Nov 29, 2021 at 11:12: PM
via On the centennial of the discovery of insulin, China decided a round of price cuts on the diabetes therapy is due. As a result, foreign companies Novo Nordisk, Sanofi and Eli Lilly are taking a beating in the key market.

Forty-two insulin products from companies foreign and domestic took an average 48% discount to win tenders from China’s public hospitals in the country’s latest volume-based procurement (VBP) scheme, state-run news agency Xinhua reported.

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