Monday, May 31, 2010

Greek diabetic crisis - Novo's CEO speaks | Reuters

Novo Chief Executive Officer Lars Rebien Sorensen said he is in talks with the Greek government, which has ordered a 25 percent price cut on the Danish firm's insulins.

"What they propose right now is not acceptable," he said.

"It will have a rub-off effect on the European price level, and it has an effect on other markets outside Europe where the Greek prices are used as a reference price in negotiations with governments," Sorensen told Reuters.

Posted via web from Jack's posterous

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