Nordisk fell 1.1% in premarket as the U.S. Senate launches investigation into Novo Nordisk\’s GLP-1 drug pricing

Gelonghui, April 25 | Nord Nordisk (NVO.US) U.S. stocks fell 1.1% before the market opened, to US$124.74.

On the news, U.S. Senate Health, Education, Labor and Pensions Committee Chairman Bernie Sanders said on Wednesday that the committee is launching an investigation into Novo Nordisk\’s pricing.

In a letter sent to Novo Nordisk\’s CEO on Wednesday, Sanders asked Novo Nordisk to provide \”internal communications about the U.S. pricing of the drug\” and explain why Ozempic and Wegovy have the same ingredient (semaglutide). ), Wegovy’s pricing is obviously more expensive.

Sanders stressed that the price of GLP-1 drugs \”must come down\” so that consumers can afford them and the government doesn\’t go bankrupt by reimbursing them.

Like (0)
Previous April 25, 2024 5:02 pm
Next April 25, 2024 5:03 pm

Related posts

  • Standard Chartered: Bitcoin will reach $150,000 by the end of the year

    Gelonghui, April 25 | Geoff Kendrick, a well-known crypto friend and head of digital asset research at Standard Chartered, said in an interview last week that cryptocurrencies are facing a bullish setting, and their upward trend may be rekindled. The price of Bitcoin may still increase by 1% this year. More than times. Reiterates Bitcoin price target of $150,000. Kendrick estimates that the spot Bitcoin ETF has attracted about $12 billion since it was approved for listing in January. Despite the temporary cautious attitude of retail investors, once the U.S. cryptocurrency ETF market becomes more \”mature,\” inflows may increase to $50 billion to $100 billion in the next two years. He also said that after the completion of the new round of \”halving\”, Bitcoin also seems to be on a bullish trajectory. Halving refers to the reduction of the reward amount for Bitcoin miners by half, resulting in a reduction in the size of new Bitcoins entering circulation. Traditionally, this would cause Bitcoin prices to surge. Looking back at the past three halvings, the price of Bitcoin always hit a…

    US stock market April 25, 2024
  • Stock markets rebound as GST revenues hit record in April

    Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record GST collections in April, positive manufacturing data and foreign fund inflows boosted investor sentiment.

    US stock market May 7, 2024
  • Baidu executives interpret Q1 financial report: cloud industry price cuts have minimal impact on Baidu AI cloud business

    Baidu (Nasdaq: BIDU; HKEX: 9888) today released its financial report for the first quarter of 2024 as of March 31: total revenue was 31.5 billion yuan, a year-on-year increase of 1%

    US stock market May 16, 2024
  • Olin Biotechnology (688319.SH): Net loss in the first quarter was 25.9969 million yuan

    Gelonghui April 25丨Olin Biotechnology (688319.SH) announced the first quarter report of 2024. During the reporting period, the company achieved revenue of 70.8 million yuan, a year-on-year increase of 5.87%; net profit loss attributable to the parent company was 25.9969 million yuan; excluding non-profit Net profit loss was 27.84 million yuan. Basic earnings per share -0.0641 yuan.

    US stock market April 25, 2024
  • Stock market today: Nifty hits 23k-mark for the first time

    NSE Nifty50 crossed the 23,000 mark for the first time on Friday morning hitting high of 23004. BSE Sensex was at 75,508 up by 0.12 per cent or 90.39 points.

    US stock market May 24, 2024
  • Client Associates achieves first close of maiden Cat-II Alternate Fund at ₹ 300 crore

    Client Associates, a wealth management firm and the country’s largest multi-office service provider, has forayed into asset management with the first close of its maiden fund —Client Associates Alternate Fund (CAAF), mopping up as much as ₹300 crore.

    US stock market May 8, 2024