Novo Nordisk sued by group of US patients

Danish pharmaceutical company has allegedly colluded in price fixing

Lucie Rychla

The Danish pharmaceutical giant Novo Nordisk is one of three companies being sued by a group of patients at a court in the US for having inflated prices of insulin through collusive price fixing.

According to the lawsuit, Novo Nordisk, Sanofi SA and Eli Lily & Co – the biggest producers of diabetes treatments on the US market – have inflated insulin prices by 150 percent over the past five years.

READ MORE: Bernie Sanders blasts Novo Nordisk for price hikes

Allegations denied
The lawsuit was filed on Monday in a federal court in Massachusetts, and immediately afterwards, shares of the three companies took a nosedive in US markets.

The plaintiffs claim the alleged price-fixing scheme caused them to overpay for insulin, an allegation that Novo Nordisk and Sanofi have both previously denied.

The lawsuit comes months after US senator and former presidential hopeful Bernie Sanders launched a new campaign attacking a number of pharmaceutical companies, including Novo Nordisk, for their high prices in the US.

TOP STORIES

  • One in five in Denmark struggles with unexpected expenses

    One in five in Denmark struggles with unexpected expenses

    One in every five in Denmark can’t afford unexpected expenses, while one in every ten has experienced at least one of the indicators of economic vulnerability

  • Danish Intelligence Service: Threat from Russia has intensified

    Danish Intelligence Service: Threat from Russia has intensified

    In the internal Danish waters, Russia will be able to attack underwater infrastructure from all types of vessels. The target could be cables with data, electricity and gas, assesses the Danish Defense Intelligence Service

  • This is how skiing brought together Ukrainian and Danish kids

    This is how skiing brought together Ukrainian and Danish kids

    Jakob Bendsen, a Danish entrepreneur, organizes ski camps for Ukrainian and Danish children to promote integration and healing. The initiative helps children escape war trauma, build friendships, and develop independence

  • “Copenhagen used to be the cool guy in class… not anymore”

    “Copenhagen used to be the cool guy in class… not anymore”

    The Copenhagen Post met with urban planner and TV host Mikael Colville-Andersen for a discussion about where the future will take the city. Colville-Andersen has hosted several shows on urban planning, including Det fantastiske byliv on DR-Tv.com and his YouTube channel, Life-Sized Cities.

  • Denmark to explore screening citizenship applicants for anti-democratic sentiments

    Denmark to explore screening citizenship applicants for anti-democratic sentiments

    A few weeks after Alex Vanopslagh’s comments about “right values,” the government announced that an expert committee would be established to examine the feasibility of screening citizenship applicants for anti-democratic attitudes.

  • The Future Copenhagen

    The Future Copenhagen

    The municipality plan encompasses building 40,000 houses by 2036 in order to help drive real estate prices down. But this is not the only huge project that will change the shape of the city: Lynetteholmen, M5 metro line, the Eastern Ring Road, and Jernbanebyen will transform Copenhagen into something different from what we know today

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs