'Novo CEO Blames Ozempic's High Cost on Drug Middlemen's Tactics' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Novo Nordisk's CEO Lars Fruergaard Jorgensen attributes the high US prices of Ozempic and Wegovy to the tactics of drug middlemen. He is set to present this argument before a congressional committee led by Senator Bernie Sanders.
September 23, 2024 | 8:39 pm
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NEUTRAL IMPACT
Novo Nordisk's CEO is set to defend the high US prices of Ozempic and Wegovy, attributing them to drug middlemen. This could impact perceptions of Novo Nordisk's pricing strategies.
The CEO's defense of drug pricing before a congressional committee could influence public and investor perception of Novo Nordisk's pricing strategies. However, the direct impact on stock price is uncertain as it depends on the outcome of the hearing and public reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80