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Novo Nordisk Pledges to Restrict Price Hikes to Single-Digit Increases

December 14, 2016

Novo Nordisk has committed to limiting the price hikes of its drugs to no more than single-digit increases each year — becoming the second drugmaker to make such a pledge.

The company’s president Jakob Riis released the plan to restrict increases in drug prices amid mounting criticism on the surge in treatment costs. The announcement comes three months after Allergan’s CEO Brenton Saunders made the same pledge.

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