Novo Nordisk CEO defends US drug prices, arguing they save taxpayers money on obesity costs.

Novo Nordisk CEO defends high US prices for blockbuster drugs Ozempic and Wegovy, stating that they ultimately save taxpayers money on obesity-related costs. CEO Lars Fruergaard Jørgensen dismissed accusations that the company operates as a drug cartel and will address pricing of its diabetes and weight loss drugs in testimony before a Senate committee next month. Critics argue that the high cost of these drugs does not offset increased spending on them.

August 25, 2024
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