Analyst: Biden's insulin message won't negatively impact Novo Nordisk

The debate about prescription drug prices in the US is far from new, says Sydbank Analyst Søren Løntoft Hansen, pointing out that past years’ discounts on insulins haven’t stopped Novo Nordisk from booking record-breaking results.

Photo: Novo Nordisk / PR

On Tuesday, President of the United States Joe Biden announced in his State of the Union Address that he would lower the cost of prescription drugs in the US.

He specifically mentioned that insulin manufacturers overprice their drugs in the country, which is pharmaceutical firm Novo Nordisk’s biggest market measured in sales.

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