Novo Nordisk To Consider Ways For Patients To Affordably Access Weight Loss Drugs Ozempic, Wegovy, Says CEO
Portfolio Pulse from Michael Juliano
Novo Nordisk's CEO, Lars Fruergaard Jorgensen, discussed with the U.S. Congress the high prices of their weight loss drugs, Ozempic and Wegovy, in the U.S. compared to other countries. He expressed willingness to explore ways to make these drugs more affordable in the U.S., following commitments from pharmacy benefit managers to maintain coverage if prices are reduced.
September 24, 2024 | 4:53 pm
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Novo Nordisk is considering reducing U.S. prices for its weight loss drugs, Ozempic and Wegovy, following discussions with U.S. Congress and commitments from PBMs to maintain coverage. This could impact the company's pricing strategy and market access in the U.S.
The news directly involves Novo Nordisk's pricing strategy for key products in the U.S. market. The potential price reduction could improve access and sales volume, positively impacting the stock. The CEO's openness to discussions suggests a proactive approach, which is likely to be viewed favorably by investors.
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