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Senate launches investigation into high prices of Ozempic and Wegovy in the U.S. - TL;DR CNBC

Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.

Publishing timestamp: 2024-04-24 16:18:33


Summary

The U.S. Senate is investigating the high prices of Novo Nordisk's weight loss and diabetes drugs Ozempic and Wegovy. Senator Bernie Sanders has asked the CEO about the pricing and research and development costs. Novo Nordisk charges significantly more in the U.S. compared to other countries, and Sanders is calling for a reduction in prices to make the drugs more accessible. Novo Nordisk has until May 8 to respond to questions about drug pricing.


Sentiment: MIXED

Tickers: NVONOVO.B-DK

Keywords: biotech and pharmaceuticalssocial issuespoliticsbreaking news: politicsbusiness newsnovo nordisk a/sunited stateshealth care industry

Source: https://www.cnbc.com/2024/04/24/senate-launches-investigation-into-high-prices-of-ozempic-and-wegovy-in-the-us.html


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