Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2024
  • June
  • 15
  • Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy

Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy

Bull Bear Daily June 15, 2024

(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for weight loss drugs Ozempic and Wegovy.

A U.S. Senate health panel vote that was scheduled for its June 18 meeting, to decide whether to subpoena Novo to answer questions about U.S. prices for the blockbuster drugs, is no longer necessary and will be canceled, Senator Bernie Sanders, who chairs the committee, said.

The subpoena would have required Novo President Doug Langa to testify at a July 10 hearing.

Jorgensen will testify before the committee, and the hearing will be held in early September.

Novo charges Americans $1,349 a month for Wegovy, while it can be purchased for $140 in Germany and $92 in the UK, Sanders said.

“The Committee looks forward to Mr. Jorgensen explaining why Americans are paying up to ten or 15 times more for these medications than people in other countries,” Sanders added.

In April, Sanders sent a letter to Langa seeking more information on U.S. prices for the two drugs.

Novo responded with a letter in May blaming the U.S. health system for the high prices, according to a report.

(Reporting by Puyaan Singh in Bengaluru; Editing by Shounak Dasgupta)


About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: OpenAI CEO says company could become benefit corporation- The Information
Next: Google loses bid to end US antitrust case over digital advertising

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Recent Posts

  • Two evolutionary changes underpinning human bipedalism are discovered
  • Leaders, journalist groups react to Israeli Gaza strike that killed five journalists
  • Currency spikes and Trump tariffs take bite out of European results
  • Leaders, journalist groups react to Israeli Gaza strike that killed five journalists
  • Rubio discusses war in Ukraine with European counterparts

You may have missed

2025-08-27T150238Z_1_LYNXMPEL7Q0OW_RTROPTP_4_SCIENCE-PELVIS-2
  • Uncategorized

Two evolutionary changes underpinning human bipedalism are discovered

Bull Bear Daily August 27, 2025
  • Newsletters

Leaders, journalist groups react to Israeli Gaza strike that killed five journalists

Bull Bear Daily August 25, 2025
2025-08-25T140007Z_1_LYNXMPEL7O0JL_RTROPTP_4_DEUTSCHETELEKOM-RESULTS
  • Uncategorized

Currency spikes and Trump tariffs take bite out of European results

Bull Bear Daily August 25, 2025
2025-08-25T175432Z_1_LYNXMPEL7O0RY_RTROPTP_4_ISRAEL-PALESTINIANS-GAZA
  • Uncategorized

Leaders, journalist groups react to Israeli Gaza strike that killed five journalists

Bull Bear Daily August 25, 2025
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com