Ozempic ‘Very Probably’ to Face Drug Worth Negotiations, Novo Says

Ozempic, the blockbuster diabetes shot made by Novo Nordisk A/S, is “very probably” to be one of many subsequent medication to have its worth slashed in bargaining with the US authorities, an organization government stated.

“It is rather probably that Ozempic can be a part of negotiations within the coming spherical, and we’re prepared for that,” Ulrich Otte, senior vice chairman of finance & operations for Novo Nordisk, stated Tuesday at Cantor World Healthcare Convention in New York.

Novo’s American depositary receipts fell as a lot as 3.7 % earlier than paring their decline.

The power to barter drug costs is a part of a sweeping set of insurance policies set forth in President Joe Biden’s Inflation Discount Act. The regulation permits the US authorities to haggle over drug costs, as many different nations world wide already do.

The US Facilities for Medicare and Medicaid Companies will announce the following set of 15 retail pharmaceuticals chosen for negotiation by February 1, 2025, in response to KFF. CMS will announce most truthful costs for these medication by November 30, 2025, with negotiated costs accessible on January 1, 2027.

Ozempic has a listing worth of $968.52 a month within the US. It’s coated by most Medicare plans for sufferers with sort 2 diabetes to handle blood sugar ranges.

Well being-care analysts have stated they anticipated Ozempic to be among the many subsequent spherical of medication to face worth cuts.

By Madison Muller and Gerry Smith

Sanders Targets ‘Unacceptable’ Worth of Weight-Loss Medication Ozempic and Wegovy

People paid 10 occasions extra for Ozempic than sufferers in the UK in 2023. That wild discrepancy has captured the eye of one of many drug trade’s loudest critics, the US senator Bernie Sanders.