Senate Begins Investigation Into Ozempic and Wegovy Prices [The New York Times]
Novo Nordisk A/S (NVO)
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Source: The New York Times
A Senate committee is investigating the prices that Novo Nordisk charges for its blockbuster medications, Ozempic and Wegovy, which are highly effective at treating diabetes and obesity but carry steep price tags.Senator Bernie Sanders of Vermont, the chair of the Senate Committee on Health, Education, Labor and Pensions, said in an interview that the prices must “be lowered in order for consumers to get it, and for governments not to go bankrupt providing it.” The list price of Ozempic, which is authorized for Type 2 diabetes, is around $968 per package. Wegovy, which is approved for weight loss and toreduce the risk of heart problemsIn a letter sent Wednesday to Lars Fruergaard Jorgensen, Novo Nordisk’s chief executive, Mr. Sanders wrote that the committee was requesting internal communications on the prices of these drugs in the United States, which is higher than the cost in other countries. The committee also requested information on why the company charges more for Wegovy when t
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