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Novo Nordisk CEO blames PBMs, insurers for Ozempic price tag
Senate HELP Chairman Bernie Sanders launches another salvo in drug pricing war, this one aimed at popular weight loss drugs.
Sanders says PBMs won’t penalize Novo for cutting Ozempic, Wegovy prices
WASHINGTON — Senate health committee chair Bernie Sanders said major drug middlemen have agreed not to limit coverage of Novo Nordisk’s Ozempic and Wegovy if the company lowers the prices of the treatments. It’s Sanders’ latest move to pressure Novo to cut the prices of the blockbuster diabetes and obesity therapies.
PBMs willing to expand coverage if Novo Nordisk cuts prices: report
Leading pharmacy benefit managers are reportedly willing to expand coverage for Novo Nordisk’s (NVO) popular diabetes and weight-loss drugs if the company cuts lists prices.
Bernie Sanders Pushes PBMs to Expand Drug Coverage in Return for Price Cuts
U.S. Senator Bernie Sanders announced that pharmacy benefit managers have agreed to expand coverage for Novo Nordisk's diabetes and weight-loss drugs if the company lowers their list prices. Sanders criticized the high costs of Ozempic and Wegovy in the U.
Ozempic price cuts wouldn’t affect PBMs, Bernie Sanders says
Novo Nordisk CEO has cautioned that reducing drugs’ list prices can carry harmful unintended consequences for patients’ ability to obtain them.
Ozempic and Wegovy drugmaker treating US as its 'cash cow', Sanders says
Lars Fruergaard Jørgensen, Novo Nordisk's CEO, says his company is working to expand manufacturing to meet the supply shortages.
Sanders tells Ozempic drugmaker's CEO to stop 'ripping off' Americans
The CEO of Novo Nordisk is on Capitol Hill Tuesday to testify before a Senate committee about the high costs of its drugs Ozempic and Wegovy.
STAT
2h
Baltimore claims Biogen ‘bribed’ PBMs to favor its pricey MS drug over generics
The city of Baltimore's lawsuit contended Biogen paid the companies to “manipulate” placement of generic versions of ...
Benefits Pro
5h
PBMs' trade group slams FTC's insulin 'greed' lawsuit
The PBMs say out-of-pocket insulin costs have fallen sharply since 2019. The Pharmaceutical Care Management Association, ...
1h
Federal regulator hauls huge drug middlemen into court over insulin prices
The government’s antitrust watchdog on Friday sued three massive health conglomerates, accusing their drug middlemen of ...
1h
“PBMs favour high list prices”- Novo Nordisk CEO targets PBMs in US Senate hearing
Coverage for its long-acting insulin, Levamir, dropped from 90% to about 35% when the company dropped its list price by 65%.
MyChesCo on MSN
4h
FTC Takes Bold Stand: Major PBMs Face Scrutiny Over Inflated Insulin Prices!
In a move to address escalating insulin prices, the Federal Trade Commission (FTC) has initiated action against the three ...
Becker's Hospital Review
3h
FTC's lawsuit against 'behemoth PBMs': What to know
FTC files lawsuit against top PBMs and GPOs for alleged anticompetitive practices in inflating insulin prices. Learn about the allegations and responses.
Benefits Pro
6h
Breaking the pharmacy status quo: A different way to look at PBMs
The industry is reaching a tipping point where an increasingly loud chorus of voices are demanding transparency and a focus ...
Medscape
1d
Feds Sue Three Biggest Pharmacy Benefit Managers Over Insulin Costs
The US Federal Trade Commission said that CVS Health's Caremark, Cigna's Express Scripts, and UnitedHealth Group's Optum ...
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