Novo Nordisk's Ozempic Might Be Among 2027 Medicare Price Negotiation Targets
Portfolio Pulse from Vandana Singh
The U.S. government plans to negotiate Medicare drug prices, potentially targeting Novo Nordisk's Ozempic and other drugs by 2027. This move, part of the Inflation Reduction Act, aims to save $6 billion in the first year and could impact companies like Pfizer, GSK, Teva, and Abbvie. Despite industry concerns, the financial impact may be less severe than expected.
August 23, 2024 | 6:21 pm
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NEUTRAL IMPACT
Abbvie's Linzess might be targeted in 2027 Medicare price negotiations. The CEO remains optimistic about the company's long-term outlook.
Abbvie's CEO is optimistic about the company's long-term outlook despite potential price negotiations for Linzess, indicating confidence in managing the impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Pfizer's cancer drugs Ibrance and Xtandi might be included in 2027 Medicare price negotiations. The company is optimistic about managing the impact due to patent expirations.
Pfizer's management is optimistic about handling the potential price negotiations due to the timing of patent expirations, which may mitigate the financial impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Teva's Austedo might be included in 2027 Medicare price negotiations. The CEO remains confident in the drug's growth prospects despite potential price cuts.
Teva's CEO is confident in Austedo's growth despite potential price cuts, suggesting the company is prepared to manage the impact of Medicare negotiations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
GSK's asthma treatment Trelegy Ellipta might be targeted in 2027 Medicare price negotiations, potentially affecting revenues.
The inclusion of Trelegy Ellipta in Medicare price negotiations could lead to reduced revenues for GSK, as it is a key product in their portfolio.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Novo Nordisk's Ozempic might be targeted in 2027 Medicare price negotiations, potentially impacting revenues. The stock is down 0.64% amid these speculations.
The potential inclusion of Ozempic in Medicare price negotiations could lead to reduced revenues for Novo Nordisk, as the drug is a significant part of their portfolio. The stock's recent decline reflects investor concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80