Ozempic, the blockbuster diabetes shot made by Novo Nordisk A/S, is “very doubtless” to be one of many subsequent medicine to have its worth slashed in bargaining with the US authorities, an organization govt mentioned.
“It is rather doubtless that Ozempic will likely be a part of negotiations within the coming spherical, and we’re prepared for that,” Ulrich Otte, senior vp of finance & operations for Novo Nordisk, mentioned Tuesday at Cantor International 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 legislation permits the US authorities to haggle over drug costs, as many different nations all over the world already do.
The US Facilities for Medicare and Medicaid Providers will announce the following set of 15 retail prescribed drugs chosen for negotiation by February 1, 2025, in keeping with KFF. CMS will announce most honest costs for these medicine by November 30, 2025, with negotiated costs out there 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 mentioned they anticipated Ozempic to be among the many subsequent spherical of medication to face worth cuts.
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