Sen. Sanders goes after Novo Nordisk on study on Ozempic low manufacture cost [Seeking Alpha]
Novo Nordisk A/S (NVO)
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Source: Seeking Alpha
diabetes treatment Ozempic can be produced for less than $5 a month but costs far more than that. The study, published in , found that semaglutide, the generic name for Ozempic, 0.77 mg once weekly injection has a cost-based price of $0.89-$4.73. Depending on an individual's glycemic control needs, Ozempic is available in injection doses of of 0.5, 1, and 2 mg. Researchers found that the lowest market price for Ozempic at 0.77 mg weekly was $38.21-$351.34. "Novo Nordisk charges Americans nearly $1,000 a month for this drug, while the same exact product can be purchased for just $155 a month in Canada and just $59 in Germany," Sanders said in a news release. "As Chairman of the Senate Committee on Health, Education, Labor, and Pensions (HELP), I am calling on Novo Nordisk to lower the list price of Ozempic – and the related drug Wegovy – in America to no more than what they charge for this drug in Canada," he added. Wegovy also contains semaglutide, but at a 2.4 mg injection.
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News
- Novo Nordisk: Medicare Coverage To Unlock Another Big Market For Wegovy [Seeking Alpha]Seeking Alpha
- Novo Nordisk A/S – Total number of voting rights and share capital in Novo Nordisk A/S as of 26 April 2024 [Yahoo! Finance]Yahoo! Finance
- Novo Reigns, Stellantis Resilient: EMEA Earnings Week Ahead [Yahoo! Finance]Yahoo! Finance
- Novo Reigns, Stellantis Resilient: EMEA Earnings Week Ahead [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Novo Reigns, Stellantis Resilient: EMEA Earnings Week Ahead [BNN Bloomberg (Canada)]BNN Bloomberg
NVO
Earnings
- 11/3/23 - Beat
NVO
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- NVO's page on the SEC website