Novo Nordisk to slash GLP-1 list prices starting in 2027
Novo said the move will expand access for patients, “specifically those whose out-of-pocket costs are linked to list price, such as individuals with high-deductible health plans or co-insurance benefit designs.”
Novo Nordisk, under pressure from fierce competition, said it would slash the list prices of its GLP-1 drugs by up to 50% starting next year.
The company announced Tuesday that it would slash the list prices for its blockbuster weight-loss drug Wegovy and diabetes drug Ozempic by up to 50% and 35%, respectively. Under the changes, virtually all of its GLP-1 offerings, including pills, would list for $675 a month.
Novo’s drugs, which were the first GLP-1s to come to market, are generally less effective than those made by Eli Lilly. On Monday, Novo released trial results for its new-generation weight-loss shot that showed the investigational drug was still not as effective as the drugs Lilly is already selling.
Over the past year, Novo responded by lowering direct-to-consumer prices for Wegovy, but this is the first time that price war has extended to the drugs’ list price — meaning the price tag insurers see. Novo said the move will expand access for patients, “specifically those whose out-of-pocket costs are linked to list price, such as individuals with high-deductible health plans or co-insurance benefit designs.”
