Novo Nordisk Faces Setback in Netherlands Over Wegovy Insurance Coverage
Portfolio Pulse from Vandana Singh
Novo Nordisk faces a setback as the Dutch Health Care Institute advises against including Wegovy in basic insurance coverage due to cost-benefit concerns. This decision could impact Novo Nordisk's market in the Netherlands, where Wegovy is not yet available. The institute also highlighted a global shortage of semaglutide, Wegovy's primary ingredient.
July 17, 2024 | 5:38 pm
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Novo Nordisk's shares fell 4.29% following the Dutch Health Care Institute's recommendation against including Wegovy in basic insurance coverage. The decision raises concerns about the drug's cost-effectiveness and highlights a global shortage of its primary ingredient, semaglutide.
The Dutch Health Care Institute's recommendation against including Wegovy in basic insurance coverage directly impacts Novo Nordisk's potential market in the Netherlands. The decision is based on cost-benefit concerns and a global shortage of semaglutide, which could affect the company's revenue and stock price negatively in the short term.
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