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D. Medical Insulin Pump to be Distributed in Greece

D. Medical Industries Ltd. announced the execution of a distribution agreement with Pharmaserve-Lilly S.A.C.I. ("Pharmaserve-Lilly") for the distribution of its ADI durable insulin pump, related consumables and its Universal Detach Detect Infusion Sets in Greece. The ADI pump, developed by D. Medical subsidiary Spring, is the only insulin pump on the market today that implements a spring-based...

Novo Nordisk or the Greek Government, Who’s To Blame?

Crystal Bowersox, a type 1 diabetic and this year’s American Idol runner-up, recently said in an interview that there were times when she had to…

Novo Nordisk to Stop Insulin Sales in Greece

Novo Nordisk has decided to stop sales of its insulin product in Greece following a government decree ordering a 25% price cut in all medicines, according to a BBC report. The company, which claims it is owed 32 million dollars by the Greek state, said that such a price cut would force its business in Greece to run at a loss. The company was also concerned that the compulsory 25% reduction would have a knock-on effect since other countries use Greece as a key reference point for setting drug prices...