Spain probes Novo adverts; AstraZeneca CEO desires to maneuver inventory itemizing

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Spain is investigating Novo Nordisk over issues it might be illegally promoting its weight reduction medication Ozempic and Wegovy, EuroNews tells us. It’s the newest in a string of inquiries into the corporate, with authorities in at the very least two different European nations accusing Novo Nordisk of unlawfully selling its medicines in recent times. Well being officers fear drugmakers are searching for to spice up already sky-high demand, presumably in violation of a European Union ban on client promoting for medication that may solely be obtained by way of prescription. The newest kerfuffle entails a marketing campaign Novo Nordisk launched in Spain this month to lift public consciousness concerning the well being dangers of weight problems. The corporate additionally launched a web site — which has since been taken down — on weight problems’s well being dangers that cited endorsements from key scientific societies, really helpful questions for individuals to ask their medical doctors, and provided weight reduction ideas. The guidelines included a nutritious diet, train and sleep, and didn’t explicitly point out any medicines, however the Spanish well being ministry stated the marketing campaign may function “covert promoting” for Novo Nordisk medication.

AstraZeneca chief government officer Pascal Soriot wish to transfer the drugmaker’s inventory market itemizing to the U.S., The Occasions of London reviews. Soriot has spoken privately of his choice to maneuver the itemizing on various events and has even mentioned shifting AstraZeneca’s domicile. However he’s prone to face resistance from elements of the board ought to he push for such a transfer, in addition to the U.Ok. authorities, which isn’t believed to have been knowledgeable. Soriot, who has led AstraZeneca since 2012, has spoken publicly of his issues about how Europe has fallen behind the U.S. and China, the corporate’s two largest markets, in innovating new medicines. He’s identified to be deeply annoyed with the U.Ok.’s working surroundings, notably restrictions on the approval of recent medicines by the Nationwide Institute for Well being and Care Excellence and the pricing of medicines underneath a Nationwide Well being Service gross sales rebate scheme. Any try to maneuver the itemizing could be extremely controversial and a major blow to the London inventory market and the U.Ok. life sciences sector, which the Labor authorities set as a precedence in its industrial technique.

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