NVO Stock Down as Medicare Selects Semaglutide Drugs for Price Cuts
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Novo Nordisk's stock declined after Medicare announced it would include semaglutide drugs, used for treating type 2 diabetes and obesity, in its price negotiations for 2025.
January 20, 2025 | 5:00 pm
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Novo Nordisk's stock fell due to Medicare's decision to include semaglutide drugs in price negotiations for 2025, potentially impacting future revenues.
The inclusion of semaglutide drugs in Medicare's price negotiations could lead to reduced prices, impacting Novo Nordisk's revenue from these drugs. This news has led to a decline in NVO's stock price as investors anticipate potential revenue impacts.
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