MedWatch

Novo Nordisk's sales growth will be negatively impacted in 2022

The pharmaceutical company's expectations for the consequences of the new Chinese procurement model for insulin have been released, and they are not good news for the firm.

Photo: Novo Nordisk Pharmatech/PR

Novo Nordisk is predicting that global sales growth will be negatively impacted by 3 percent in 2022, it reports in a press release on Friday.

This is the result of a new a new insulin procurement model in China, the Volume Based Procurement (VBP) tender, which the Chinese National Healthcare Security Administration has implemented, resulting in lower prices and volumes of insulin sold in China.

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