Senators Question Novo Nordisk CEO
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price patientsABC News
•Ozempic producer CEO in hot seat in Senate hearing over cost of weight loss drug
77% Informative
Sen. Bernie Sanders grilled Novo Nordisk CEO Lars Jørgensen at a hearing over the costs of Ozempic, Wegovy and similar weight loss drugs.
The drugs have risen in popularity for diabetic patients and others looking to combat obesity since they were approved.
The CEO said the company was spending $30 billion to increase its production and access to the drugs.
The net price for Ozempic is still nearly $600 — over nine times as much as it costs in Germany .
The estimated net price of Wegovy is over $800 — nearly four and a half times the cost in Denmark .
Drug prices become a "pass through to the insurance companies" resulting in higher plan prices, Sanders said.
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