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Novo Nordisk’s blockbuster diabetes and weight loss-related drug Ozempic is ready to see a value reduce, in response to President Donald Trump.
Trump stated this week throughout a White Home occasion on fertility remedies and drug pricing that the value discount will come after swift negotiations with the drugmaker.
“They’ll be much lower,” Trump instructed reporters.
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Novo Nordisk is the maker behind Ozempic and Wegovy, which have the identical energetic ingredient – semaglutide – however are accepted for various makes use of. Ozempic was accepted by federal well being officers in 2017 and marketed for medical use within the therapy of kind 2 diabetes with weight reduction being a facet impact of the drug.
Wegovy was accepted 4 years later particularly for persistent weight administration in adults who’re overweight or chubby and have not less than one weight-related situation akin to hypertension or kind 2 diabetes. Each medicine have surged in demand in recent times, notably for these in search of to shed weight.
Ozempic is marketed for medical use within the therapy of kind 2 diabetes with weight reduction being a facet impact of the drug. (Marcus Brandt/image alliance by way of Getty Photographs)
Novo Nordisk instructed FOX Enterprise that’s has been in discussions with the Trump administration concerning the “most favored nation” govt order.
“We remain focused on improving patient access and affordability, and we will continue to work to find solutions that help people access the medication they need,” Novo Nordisk stated.
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The chief order is a drug pricing coverage that seeks to make sure that Individuals pay the bottom value charged for a similar medicine in different developed nations.
Novo Nordisk is the maker behind Ozempic and Wegovy, which have the identical energetic ingredient – semaglutide – however are accepted for various makes use of. ( Dhiraj Singh/Bloomberg by way of Getty Photographs / Getty Photographs)
Since taking workplace, Trump has centered on bridging the hole between what Individuals and international nations pay for a similar medicines.
The feedback got here on the heels of a September announcement wherein Trump declared a drug pricing cope with Pfizer that can see the pharmaceutical big decrease the price of its medicines for Individuals.
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Pfizer has dedicated to providing its prescription medicines to Medicaid on the lowered “most favored nation” costs.
Ozempic was accepted by federal well being officers in 2017. (Michael Siluk/UCG/Common Photographs Group by way of Getty Photographs)
“Pfizer is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of anywhere between 50% and even 100%. And that’s off, that’s off the price. And in some cases, even more than that.”
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The president added that the U.S. “is done subsidizing the health care of the rest of the world.”
Reuters and FOX Enterprise’ Stephen Sorace contributed to this report.
