Study Raises Questions About Ozempic Cost as Medicare Spending Soars [Yahoo! Finance]
Novo Nordisk A/S (NVO)
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Source: Yahoo! Finance
The analysis, published in JAMA Network Open by researchers at Yale University, King's College Hospital in London and the nonprofit Doctors Without Borders, finds that the blockbuster diabetes drug Ozempic, widely used for weight loss, can be manufactured at a cost ranging from 89 cents to $4.73 for a month's supply. That includes a profit margin. The drug has a U.S. list price of about $936 for a month's supply of injections, though that price does not factor in insurance, discounts or rebates. “The findings of this study suggest that robust generic and biosimilar competition could reduce prices to more affordable levels and enable expansion of diabetes treatment globally,” the researchers conclude. Demand for Ozempic and related drugs in a class known as GLP-1s has surged, raising questions about their affordability and leading some insurers to stop covering them. Citing rising costs, North Carolina's state health plan this year dropped coverage of the drugs for state employees
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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