Novo Nordisk employee suspended after insider trading

3 August 2008

Danish insulin giant Novo Nordisk says that it has suspended one of its employees after the employee yesterday was charged by the Danish Public Prosecutor for serious economic crime with unlawful insider trading in the company's shares.

The employee does not have managerial responsibility, but has had access to information which may influence the company's share price.

Novo Nordisk is cooperating with the public prosecutor in the investigation of the matter which, according to the information available at present, is believed to be an isolated case involving a single staff member.

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