Novo Nordisk once-weekly insulin rejected by FDA (NYSE:NVO)

Novo Nordisk Canada Inc head office in Mississauga, Ontario, Canada.

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Novo Nordisk (NVO) announced Thursday that the U.S. Food and Drug Administration (FDA) declined to approve its once-weekly insulin product, insulin icodec, targeted at patients with diabetes mellitus (DM).

Issuing a complete response letter, the regulator has requested information related to