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The worth of Novo Nordisk’s blockbuster diabetes and weight loss-related drug Ozempic shall be reduce, based on President Donald Trump.
Trump stated this week throughout a White Home occasion on fertility therapies and drug pricing the worth discount will come after swift negotiations with the drugmaker.
“They will be a lot decrease,” Trump instructed reporters.
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Novo Nordisk is the maker of Ozempic and Wegovy, which have the identical energetic ingredient, semaglutide, however they’re permitted for various makes use of. Ozempic was permitted by federal well being officers in 2017 and marketed for medical use within the therapy of Sort 2 diabetes with weight reduction being a aspect impact of the drug.
Wegovy was permitted 4 years later particularly for persistent weight administration in adults who’re overweight or obese and have at the least one weight-related situation, resembling hypertension or Sort 2 diabetes. Each medication have surged in demand lately, notably for these searching for to shed pounds.
Ozempic is marketed for medical use within the therapy of Sort 2 diabetes with weight reduction being a aspect impact of the drug. (Marcus Brandt/image alliance by way of Getty Pictures)
Novo Nordisk instructed FOX Enterprise it has been in discussions with the Trump administration concerning the “most favored nation” govt order.
“We stay targeted on bettering affected person entry and affordability, and we’ll proceed to work to seek out options that assist folks entry the remedy they want,” 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 worth charged for a similar medication in different developed nations.
Novo Nordisk is the maker of Ozempic and Wegovy, which have the identical energetic ingredient — semaglutide — however are permitted for various makes use of. (Dhiraj Singh/Bloomberg by way of Getty Pictures)
Since taking workplace, Trump has targeted 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 by which Trump declared a drug pricing take care of Pfizer below which the pharmaceutical large will decrease the price of its medicines for Individuals.
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Pfizer has dedicated to providing its prescription medicines to Medicaid on the diminished “most favored nation” costs.
Ozempic was permitted by federal well being officers in 2017. (Michael Siluk/UCG/Common Pictures Group by way of Getty Pictures)
“Pfizer is agreeing to offer a few of their hottest present medicines to all shoppers at closely discounted costs of anyplace between 50% and even 100%,” Trump stated. “And that is off, that is off the worth. And, in some instances, much more than that.”
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The president added that the U.S. “is completed subsidizing the well being care of the remainder of the world.”
Reuters and FOX Enterprise’ Stephen Sorace contributed to this report.