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Stock impact report

Compounder sues Lilly and Novo for suppressing GLP-1RA competition [Yahoo! Finance]

Novo Nordisk A/S (NVO) 
Last novo nordisk a/s earnings: 2/5 01:31 am Check Earnings Report
US:NYSE Investor Relations: novonordisk.com/investors.html
Company Research Source: Yahoo! Finance
Strive Compounding Pharmacy said that the drugmakers, who dominate the glucagon-like peptide-1 receptor agonist (GLP-1RA) market, are engaging in a “coordinated effort to suppress competition and limit patient access to lawful compounded GLP-1RA medications”. The lawsuit, filed in the United States District Court for the Western District of Texas, alleges that Lilly and Novo used their dominant market positions to undermine the compounding pharmacy industry. The document highlights exclusive partnerships that the pharma companies signed with telehealth providers in efforts to compete with the compounding sector. It also points to Lilly and Novo establishing their own online pharmacies in the past year, which offer branded GLP-1RAs via direct-to-consumer (DTC) cash channels at a discounted price. Through these alliances, online DTC platforms, and apparent marketing strategies, Strive alleges that Lilly and Novo's conduct “unlawfully restricted competition and directly harmed GLP-1 Show less Read more
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