Novo Nordisk shares fall after Ozempic, Wegovy selected for Medicare price negotiations
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Novo Nordisk's shares dropped 4.4% after US Medicare announced plans to include its weight loss drugs, Ozempic and Wegovy, in the next round of price negotiations. This has contributed to a 25.5% decline in the stock over the past year.
January 17, 2025 | 4:30 pm
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Novo Nordisk's stock fell 4.4% after Medicare announced plans to negotiate prices for its weight loss drugs, Ozempic and Wegovy. This regulatory move adds pressure to the stock, which has already seen a 25.5% decline over the past year.
The announcement of Medicare's plan to negotiate drug prices directly impacts Novo Nordisk's revenue potential from its weight loss drugs, leading to a negative market reaction. The stock's significant decline over the past year indicates ongoing investor concerns.
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IMPORTANCE 80
RELEVANCE 100