Gilead’s Positive Results, Novo Nordisk’s New Insulin Data: Healthcare Business Recap
Gilead Sciences (NASDAQ:GILD) has announced positive results from the first in a series of late-stage evaluations to support the regulatory approval of its hepatitis C pill sofosbuvir, which, if okayed, will comprise the primary component of the first all-oral combination regimen to treat hepatitis C, obviating the need for traditional injectable drugs. The firm anticipates that it will try for approval of the drug in middle of 2013.
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On Tuesday, the Denmark-based insulin maker Novo Nordisk (NYSE:NVO) reported that new data indicated a benefit for type two diabetes patients who were given its diabetes drug Victoza compared with rival drugs from Merck & Co. (NYSE:MRK) and Amylin Pharmaceuticals (NASDAQ:AMLN). In a statement, Novo said that two diabetes patients given Victoza achieved an average blood sugar level below seven percent versus those given Merck’s sitagliptin (Januvia) or Amylin’s exenatid BID.