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Insulin aspart, sold under the brand name NovoLog, among others, is a modified type of medical insulin used to treat type 1 and type 2 diabetes. [17] It is generally used by injection under the skin but may also be used by injection into a vein. [17] Maximum effect occurs after about 1–3 hours and lasts for 3–5 hours. [17]
Novo Nordisk employs more than 48,000 people globally, and markets its products in 168 countries. [7] The corporation was created in 1989, through a merger of two Danish companies, which date back to the 1920s.
The annual cost of insulin for people with type 1 diabetes in the US almost doubled from $2,900 to $5,700 over the period from 2012 to 2016. [97] In 2019, it was estimated that people in the US pay two to six times more than the rest of the world for brand name prescription medicine, according to the International Federation of Health Plans. [98]
Regular insulin can be made from the pancreas of pigs or cows. [2] Human versions can be made either by modifying pig versions or recombinant technology. [2] Insulin was first used as a medication in Canada by Charles Best and Frederick Banting in 1922. [7] It is on the World Health Organization's List of Essential Medicines. [8]
Image source: The Motley Fool. Novo Nordisk (NYSE: NVO) Q2 2024 Earnings Call Aug 07, 2024, 7:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
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An insulin analog (also called an insulin analogue) is any of several types of medical insulin that are altered forms of the hormone insulin, different from any occurring in nature, but still available to the human body for performing the same action as human insulin in terms of controlling blood glucose levels in diabetes.
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