Novo Nordisk leads the insulin race
June 09, 2009 | Tuesday | News
Novo
Nordisk leads the insulin race
With the broadest
diabetes product portfolio in the industry, including the most advanced
products within the area of insulin delivery systems, Novo Nordisk is a
leader in diabetes care in India too.

Novo Nordisk India is the Indian subsidiary of Novo Nordisk, a world
leader in diabetes care. Other than diabetes product portfolio, Novo
Nordisk has a leading position in areas such as haemostasis management,
growth hormone therapy and hormone replacement therapy. The
company manufactures and markets pharmaceutical products and
services that make a significant difference to patients, the medical
profession and society. The company currently holds approximately 60-70
percent market share in the insulin space.
Novo Nordisk’s diabetes portfolio includes long and
rapid-acting modern insulin (insulin analogues), a premixed range of
both long and short acting insulin, and a prandial glucose regulator
for type 2 diabetes. To spread the awareness of diabetes care
in India, Novo Nordisk launched a mobile clinic, the Improve Control
Mobile Clinic, in Bangalore and New Delhi. The mobile clinic is a van
designed to deliver high standards in diabetes detection and education
facilitation. Equipped with blood glucose monitoring systems for
diabetes screening and detection, weight check and body mass index
platforms and audio-visuals facilities to educate people, the mobile
clinic will encourage doctors along its route to leverage facilities
within the bus to monitor and ensure better glycaemic control for
people in their respective regions.
Novo Nordisk’s product Levemir, a basal insulin analogue that
works on the mechanism of prolonging action has also gained excellent
market share and wide acceptability. Daily insulin like Levemir and
convenient insulin delivery devices like Flex pen have made diabetes
treatment relatively easier for diabetic patients. Novo Nordisk India
has an exclusive agreement with Torrent Pharma for the manufacture of
insulin formulations.
Besides marketing a portfolio of therapeutics products like NovoPen 3,
Novolet and Flexpen, Novo Nordisk India has its basket products like
NovoMix 30 (premixed insulin analogue) and NovoRapid (rapid acting
insulin analogue). It has a distributorship alliance with Abbot India.
The biotech business of the company in India is estimated at Rs 330
crore.
In a recent development, Novo Nordisk has been crowned for the second
consecutive year as one of the top ethical companies for 2009 by
international think-tank Ethisphere. Novo Nordisk has been ranked as
one of the world’s most ethical companies as a result of
their real, sustainable and ethical leadership. More than 10,000 of the
world’s leading companies were analyzed for a period of six
months in six continents, across 35 industries before arriving at the
final list. These companies were evaluated on seven key parameters that
includes corporate citizenship and responsibility, corporate
governance, innovation that contributes to public well-being, industry
leadership, executive leadership and tone from the top, integrity track
record and reputation, internal systems and ethics/compliance program,
before deciding on the final list.