Novo Nordisk's Weight-Loss Drug Wegovy Launches In Germany: Patients To Pay Out-of-Pocket
Portfolio Pulse from Vandana Singh
Novo Nordisk's weight-loss drug, Wegovy, has launched in Germany, marking its first significant European market entry. The drug is already available in the U.S., Norway, and Denmark. Despite concerns about supply constraints, the company expects German consumers to cover the drug's expenses as public health insurance cannot cover it. The launch is seen as a positive development given Germany's adult obesity rate of 18.5%, higher than the EU average.
July 31, 2023 | 1:45 pm
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Novo Nordisk's launch of Wegovy in Germany could potentially boost its revenues and market presence in Europe. However, supply constraints and lack of public health insurance coverage could pose challenges.
The launch of Wegovy in Germany, a significant European market, could increase Novo Nordisk's revenues and market presence. However, the company may face challenges due to potential supply constraints and the fact that public health insurance cannot cover the drug's expenses. Despite these challenges, the high obesity rate in Germany could drive demand for the drug.
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