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Novo Nordisk Challenges

28 September 2010

Insulin manufacturer Novo Nordisk will challenge a claim by the Federal Anti-Monopoly Service that it violated competition rules, Katrine Sperling, a spokeswoman for the Denmark-based company, said Monday.

“We have decided to challenge their decision in Moscow’s Court of Arbitration,” Sperling said.

If Novo Nordisk loses, the company could be fined as much as 15 percent of its Russian sales, the anti-monopoly agency said Friday.

(Bloomberg)

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Novo Nordisk Challenges

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Protest and Chaos Seen in Kudrin-Ordered Study

Initiative Brings Khamatova Joy and Frustration

Green on Green: Shipping Threatens to Trouble Baltic Waters

Putin Order Gives Nod to Energy Assets Sale

Severstal Q1 Rises on Strong Ruble

Gazprom May Increase Investment Spending

Novo Nordisk Challenges

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