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Novo Nordisk A/S (NVO) is a global leader in diabetes care and chronic disease management, pioneering treatments that impact millions worldwide. This dedicated news hub provides investors and healthcare stakeholders with timely, factual updates on the company's latest developments.
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Novo Nordisk has expanded its Wegovy® savings program, now offering the weight management medication at $499 per month to eligible cash-paying patients across all dose strengths (0.25 mg, 0.5 mg, 1 mg, 1.7 mg, and 2.4 mg) at local retail pharmacies. Previously, this pricing was only available through the NovoCare® Pharmacy.
This expansion aims to improve accessibility and affordability while ensuring patients receive authentic, FDA-approved Wegovy® from reputable pharmacies, addressing concerns about risks associated with the compounding marketplace. The program reinforces Novo Nordisk's commitment to making innovative medicines more accessible to communities they serve.
Novo Nordisk has launched NovoCare® Pharmacy, offering all doses of Wegovy® (semaglutide) at a reduced cost of $499 per month for cash-paying patients, with convenient home delivery service. This initiative follows FDA's confirmation that the medicine's shortage is resolved, with supply meeting current and projected U.S. demand.
The program targets uninsured patients or those with commercial insurance lacking obesity medicine coverage. Currently, 90% of Wegovy® patients with coverage pay $0 to $25 monthly. The service includes home shipments through CenterWell Pharmacy, benefit verification, refill reminders, and live support from NovoCare® case managers.
The initiative aims to provide reliable access to authentic, FDA-approved Wegovy® amid concerns about fake or illegitimate compounded semaglutide. Novo Nordisk plans to extend this reduced pricing to cash-paying patients using traditional retail pharmacies in the future.
Novo Nordisk has launched a national campaign called The Power of Wegovy® to highlight the effectiveness of Wegovy® (semaglutide) 2.4 mg injection for weight management and cardiovascular risk reduction. The campaign aims to educate the public on the clinical benefits and safety of Wegovy® while addressing the stigma associated with obesity. The FDA-approved drug is used alongside a reduced-calorie diet and increased physical activity to aid weight loss and reduce major cardiovascular events in adults with heart disease. A recent FDA update has expanded its indications, and Novo Nordisk is working to improve drug access and insurance coverage.
Novo Nordisk announced a significant reduction in the U.S. list prices for several insulin products by up to 75%, effective January 1, 2024. The price cuts apply to pre-filled pens and vials of both basal and bolus insulins, including NovoLog, Levemir, and Novolin. This initiative aims to enhance affordability for diabetes patients amidst ongoing healthcare price challenges. Novo Nordisk also offers co-pay support, allowing eligible patients to pay between $25 and $35 for their insulin. The company emphasizes its commitment to making insulin accessible and reducing out-of-pocket costs for patients.
Bigfoot Biomedical has announced the compatibility of its Bigfoot Unity Diabetes Management System with four additional rapid-acting insulin products, including Eli Lilly’s Insulin Lispro and Novo Nordisk’s Insulin Aspart. These insulins are offered at prices at least 50% lower than their branded counterparts, addressing the urgent need for affordable diabetes care. The system, which features smart pen caps compatible with various insulin pens, also includes Lilly’s Lyumjev, available for $35 under the Lilly Insulin Value Program, enhancing access for diabetes patients.
The STEP 5 phase 3b trial results for Wegovy™ (semaglutide) were presented at ObesityWeek 2021. Over two years, 304 adults using Wegovy™ achieved a 15.2% weight loss compared to 2.6% for placebo, with 77.1% of participants losing at least 5% of their body weight. Adverse events included nausea and diarrhea, with 5.9% of Wegovy™ patients discontinuing due to side effects. Approved by the FDA in June 2021, Wegovy™ aims to address the obesity epidemic, which affects more than 42% of adults in the U.S.
Novo Nordisk has announced pivotal results from the STEP clinical development program for semaglutide 2.4 mg, set to be presented at the ENDO Annual Meeting from March 20-23, 2021. The STEP program, involving approximately 4,500 adults, investigates obesity management's efficacy and safety. With findings that could aid in FDA approval, the trials include STEP 1 and STEP 2, focusing on weight loss and cardiometabolic health. The anticipated FDA decision follows a filing in December 2020, highlighting the drug's potential impact on obesity-related health issues.
Novo Nordisk has extended its COVID-19 Patient Assistance Program until June 30, 2021 to help individuals losing health insurance due to job changes from the pandemic. The program offers free insulin for 90 days to eligible patients. Additionally, those enrolled in the My$99Insulin program need to re-register for 2021 eligibility. Novo Nordisk also promotes various affordability initiatives, including the long-standing Patient Assistance Program and Copay Savings Cards. For details on eligibility and options, visit NovoCare.com.
Novo Nordisk has received FDA approval for an updated label for Saxenda® (liraglutide) 3 mg, allowing its use in adolescents (ages 12-17) with obesity. Saxenda, initially approved in 2014 for adults, now addresses a significant and growing need for effective treatments in youth, where obesity rates have doubled. The approval is supported by a phase 3a clinical trial showing significant reductions in BMI and weight compared to placebo. Common side effects include gastrointestinal issues. This move highlights the company's commitment to addressing adolescent obesity.
