Danish diabetes care giant Novo Nordisk (NOV: N) says it will cease distribution of its once-daily basal insulin Tresiba (insulin degludec) in Germany.
The decision follows a negative outcome of price negotiations with the GKV-Spitzenverband, the German national association of statutory health insurance funds. In order to ensure a safe switch to another insulin treatment for the 40,000 people with diabetes currently using Tresiba, Novo Nordisk will continue supplying the product until the end of September 2015.
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