Wall Street analysts expect Ozempic to be selected for price negotiations in 2025 due to the amount of money Medicare Part D already spends on the drug.
The job market shows signs of ‘normalizing,' labor economist says — here's what that means for workers
A spokesperson for Novo Nordisk didn't directly comment on the potential for Ozempic to be included in the next round of talks. They said the company"supports policies to ensure patients can afford their medicines," but criticized the negotiation process. Wegovy and Ozempic sparked a weight loss industry gold rush last year, with high-profile names like billionaire tech mogulamong recent users. But the injections are costly, as price tags range from around $900 to more than $1,300 per month.
They require drugs to have been on the market for at least seven years after their initial approval or licensing in the U.S., as of the date that the Biden administration publishes the list of products selected. Slashing the price of Ozempic through negotiations could lead to significant savings for the Medicare program.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As drugmakers slam Medicare price controls, Wall Street shrugsDrugmakers unleashed a broadside at the Inflation Reduction Act, but most will see minimal impacts from price caps - for now.
Read more »
Bitcoin Price Pumps Following Grayscale Victory, with Wall Street Memes Also BullishThe price of Bitcoin (BTC) jumped over 5% in the last 24 hours, surging above $27,000 for the first time since the market crashed earlier this month,
Read more »
Reverse Stock Splits Surge in 2023, Reflecting Wall Street's UneaseStocks Analysis by Christine Short covering: S&P 500, US Small Cap 2000, Eli Lilly and Company, NVIDIA Corporation. Read Christine Short's latest article on Investing.com
Read more »
Wall Street CEOs demand Biden and Congress fix NYC migrant crisisMore than 100 CEOs and business leaders in New York City are calling for federal action to fix the United States' broken immigration system and address the migrant crisis.
Read more »
‘Wall Street Whiz Kid’ David Bloom charged with running financial scams in LA CountyDavid Bloom, 59, is accused of committing crimes in Los Angeles County that netted nearly $250,000 from nine alleged victims, according to Los Angeles County District Attorney George Gascón.
Read more »