financetom
Business
financetom
/
Business
/
Sellers of fake Ozempic to face charges in Austrian court
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sellers of fake Ozempic to face charges in Austrian court
Jul 9, 2024 8:18 AM

VIENNA, July 9 (Reuters) - Austrian prosecutors said

they will bring criminal charges against two men accused of

selling fake versions of Novo Nordisk's diabetes drug

Ozempic, resulting in bodily harm in three women.

The defendants had acted as traders and sold 225 bogus

injection pens falsely labelled as Ozempic for 205 euros ($222)

apiece to a plastic surgeon in the city of Salzburg, the

prosecutors' office in the city of Steyr told Reuters, declining

to name the defendants.

Novo has seen overwhelming demand for Ozempic because its

weight-loss effect has boosted off-label use. The Danish

drugmaker, and its rival Eli Lilly ( LLY ) - the maker of

weight-loss drug Zepbound, also known as Mounjaro - have been

scrambling to boost output.

Fake versions have emerged in several countries with

criminals seeking to cash in on the hype. The World Health

Organization (WHO) last month issued warnings on falsified

weight-loss drugs.

Three women who received the fake shots in Austria suffered

injury, the prosecutors' office added, resulting in indictments

of grossly negligent bodily harm and trading in fake drugs

against the defendants.

A judge at the Steyr regional court said a first hearing in

the case was scheduled for Sept. 16.

She added the defendants were accused of selling insulin in

the pens rather than semaglutide, the active ingredient in

Ozempic, in September last year and that they faced potentially

up to three years in prison.

She said the womens' symptoms had been temporary.

($1 = 0.9243 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
FactSet Research Systems Acquires LiquidityBook for $246.5 Million in Cash
FactSet Research Systems Acquires LiquidityBook for $246.5 Million in Cash
Feb 10, 2025
06:27 AM EST, 02/10/2025 (MT Newswires) -- FactSet Research Systems ( FDS ) said Monday it acquired LiquidityBook, a cloud-native trading solutions provider, for $246.5 million in cash. FactSet and LiquidityBook had previously partnered to integrate LiquidityBook's order management system into FactSet's platform. The acquisition, which closed on Feb.7, was funded through FactSet's existing revolving credit facility and is expected...
Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital
Market Chatter: Mizuho Financial Group Close to Acquiring KKR's Majority Stake in Avendus Capital
Feb 10, 2025
06:33 AM EST, 02/10/2025 (MT Newswires) -- Mizuho Financial Group Inc ( MFG ) is close to acquiring a 63% stake in Indian investment bank Avendus Capital from KKR, Bloomberg News reported Monday citing people familiar with the matter. The companies are still discussing the details of a potential transaction that may take place in the next few weeks. However,...
Oncolytics Biotech CEO to Step Down Following Medical Leave of Absence
Oncolytics Biotech CEO to Step Down Following Medical Leave of Absence
Feb 10, 2025
06:26 AM EST, 02/10/2025 (MT Newswires) -- Oncolytics Biotech ( ONCY ) , a clinical-stage company specializing in immunotherapy for oncology, late on Friday said Matt Coffey is stepping down as chief executive and director. Coffey will not return to his role following a medical leave of absence and ongoing health concerns. The company will initiate a search for Coffey's...
IDEAYA Biosciences Appoints Joshua Bleharski as Finance Chief
IDEAYA Biosciences Appoints Joshua Bleharski as Finance Chief
Feb 10, 2025
06:28 AM EST, 02/10/2025 (MT Newswires) -- IDEAYA Biosciences ( IDYA ) said Monday it appointed Joshua Bleharski as chief financial officer. Bleharski served as managing director and global co-head of Biopharma with JPMorgan's ( JPM ) Healthcare Investment Banking group. The company said Bleharski will complete the transition into his new role by early May. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved