Novo Nordisk comes under Senate probe over pricing for weight loss drugs [Seeking Alpha]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Sen. Bernie Sanders (I-Vt.), Chairman of the Senate Health, Education, Labor, and Pensions (HELP) Committee, announced the investigation in a letter to the CEO of the Danish drugmaker, Lars Fruergaard Jørgensen. Sanders noted that Novo ( NVO ) charges “outrageously high prices” for its semaglutide versions, Ozempic and Wegovy, indicated for diabetes and obesity, respectively. For one month's supply, Wegovy's list price stands at $1,349 in the U.S., while Eli Lilly ( LLY ) markets its recently approved weight loss therapy Zepbound at $1,060. “The result of these astronomically high prices is that Ozempic and Wegovy are out of reach for millions of Americans who need them,” he said, arguing that Novo ( NVO ) markets the same product in Canada and Europe at far lower prices. “Will Novo Nordisk substantially reduce both the list price and the net price of both Ozempic and Wegovy?” Sanders asked in his letter. The letter seeks the company's internal information related to semagl
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News
- Analyst unveils Amgen stock price target after weight-loss drug data [Yahoo! Finance]Yahoo! Finance
- Novo Nordisk To Slash Prices On Buzzy Drugs Ozempic and Wegovy [Yahoo! Finance]Yahoo! Finance
- 25K Americans starting Wegovy weekly as supply increases and prices drop, drugmaker says [FOX Business Network]FOX Business Network
- Here Comes Obesity Drug Competition: Amgen Shares Soar On "Very Encouraging" Clinical Trial Update [zero hedge]zero hedge
- How the CFOs of Eli Lilly and Novo Nordisk are coping with ‘unprecedented demand' for weight-loss drugs [Yahoo! Finance]Yahoo! Finance
LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
- 5/3/24 - Form SD
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- LLY's page on the SEC website