Novo Nordisk Does Not Operate As Drug Cartel, CEO Defends US Pricing Of Ozempic Against Criticism Over High Drug Prices
Portfolio Pulse from Vandana Singh
Novo Nordisk's CEO defends the high U.S. prices of Ozempic and Wegovy, citing their role in reducing obesity-related economic burdens. The company faces criticism over pricing, with upcoming Senate testimony expected. The CEO blames insurance companies and PBMs for high patient costs.
August 26, 2024 | 12:39 pm
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Novo Nordisk's CEO defends the high prices of Ozempic and Wegovy in the U.S., attributing them to the economic burden of obesity. The company faces criticism and upcoming Senate testimony, with potential regulatory scrutiny impacting stock prices.
The CEO's defense of high drug prices amid criticism and upcoming Senate testimony suggests potential regulatory scrutiny. This could negatively impact investor sentiment and stock prices in the short term.
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