Denmark to restrict Ozempic, other GLP-1 drugs, to treat type 2 diabetes [Yahoo! Finance]
Novo Nordisk A/S (NVO)
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Source: Yahoo! Finance
drugs such as Novo Nordisk's Ozempic, the Danish Medicines Agency said on Wednesday. In 2023, 50% of new patients suffering from type 2 diabetes began treatment with a reimbursed GLP-1 drug without trying a cheaper alternative first, the Medicines Agency said. Demand for Novo Nordisk's diabetes drug Ozempic has soared as many people have started using the diabetes drug for its weight-loss effects. Doctors and other prescribers in the UK were in July ordered to stop prescribing Ozempic to people who don't have type 2 diabetes, following a national shortage of GLP-1 drugs due to the soaring demand for approved and off-label use. The Danish Medicines Agency expects nearly half of all those currently using GLP-1 drugs to switch to cheaper alternatives, but said it would continue to reimburse patients for their GLP-1 drugs, if they cannot be treated with the cheaper counterparts. The drugs that will be affected by Denmark's new regulation when it enters into force on Nov. 25 this
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NVO
News
- UK weight-loss drug price rivalry intensifies with Pharmacy2U mark-down [Yahoo! Finance]Yahoo! Finance
- If You'd Invested $1,000 in Novo Nordisk Stock 5 Years Ago, Here's How Much You'd Have Today [Yahoo! Finance]Yahoo! Finance
- Why Lilly And Novo Nordisk Will Keep Dominating The Market For Blockbuster GLP-1 Drugs [Forbes]Forbes
- ‘Ozempic Week' Ad Campaign Backfires for Delivery Service Gopuff [BNN Bloomberg (Canada)]BNN Bloomberg
- TriSalus Reports Q1 2024 Financial Results and Business Update [Yahoo! Finance]Yahoo! Finance
NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/15/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/13/24 - Form 6-K
- NVO's page on the SEC website