Bernie Sanders will grill Novo Nordisk's CEO over Ozempic and Wegovy prices

bernie sanders will grill novo nordisk's ceo over ozempic and wegovy prices

Novo Nordisk CEO Lars Fruergaard Jørgensen

Novo Nordisk CEO Lars Fruergaard Jørgensen will testify in Congress this September

Novo Nordisk CEO Lars Fruergaard Jørgensen has agreed to voluntarily testify in September before the Senate’s health committee to address the pharma giant’s high prices for its diabetes and weight loss drugs in the U.S.

The agreement came days after after Sen. Bernie Sanders, chairman of Committee on Health, Education, Labor, and Pensions (HELP), called a vote to subpoena a Novo Nordisk executive. In April, the HELP committee launched an investigation into the high prices the company charges for its blockbuster drugs.

“I enjoyed the opportunity of chatting with Mr. Jørgensen this afternoon and thank him for agreeing to voluntarily testify on a solo panel before the HELP Committee on the high cost of Ozempic and Wegovy in the United States,” Sanders said in a statement Friday.

He added that the subpoena vote has been cancelled.

“We look forward to discussing solutions that ensure access and affordability for all patients within the complex U.S. healthcare system,” a Novo Nordisk spokesperson said in statement.

The hearing will take place in early September.

Sanders said last week that the committee’s investigation found that the net cost of Ozempic in the U.S. is about $600 a month, well above the drug’s list price in other countries. Ozempic in Germany costs just $59 for a month’s supply. The net price of Wegovy in the U.S. is $809, while it goes for $92 in the United Kingdom.

The final price patients pay for these medications varies by patient and can depend on insurance coverage.

A Morgan Stanley survey of GLP-1 users — the class of drug that Ozempic and Wegovy belong to — found that about two-third of respondents said their medication is fully covered by insurance. Patients who paid out-of-pocket said their average monthly payment was $196.

For the latest news, Facebook, Twitter and Instagram.

OTHER NEWS

7 minutes ago

Winds and lightning strikes stoke Oregon fire, now the largest in the U.S.

7 minutes ago

Maharashtra: Heavy rainfall forces release of water from Khadakwasla Dam-Pune, heavy rains in Mumbai

7 minutes ago

Donald Trump's Crowd Size Claims Face Pushback

7 minutes ago

No Kerr, no medal? Think again when it comes to skilled and hungry Matildas

7 minutes ago

'He couldn't really gain the respect...': Former Sri Lanka cricketer on why Suryakumar Yadav was preferred over Hardik Pandya for India's T20I captaincy

7 minutes ago

'Like Christian Cullen': Umaga's big call on Hammer

7 minutes ago

Tua Tagovailoa participates in Dolphins' first day of workouts with contract unresolved

7 minutes ago

Calls for Olympic equestrian ban after Dujardin video surfaces

7 minutes ago

Aussie football great denounces 'alarming' crowd incident

7 minutes ago

Judge declines to dismiss Trump defamation lawsuit against ABC News

7 minutes ago

Trump mocks Biden's 'barely understandable' Oval Office address

7 minutes ago

Prince Harry says phone hacking victory against tabloids was ‘monumental’ in first TV interview

7 minutes ago

Andy Murray reveals he is set to PULL OUT of the singles to prioritise doubles with Dan Evans at Paris Olympics in his last-ever tennis tournament

7 minutes ago

Levi Colwill and James McClean spark BRAWL just two minutes into Chelsea's 2-2 draw with League One Wrexham - with players and staff forced to rip the pair apart

7 minutes ago

Happy birthday Princess Maria-Olympia! Glamorous socialite daughter of Greece's Prince Pavlos turns 28 - but is she still 'world's most eligible single'?

7 minutes ago

7 summer scents with the power to perfume your home

7 minutes ago

I believe Lawrence Bishnoi gang carried out firing: Salman Khan on house firing

7 minutes ago

Lindor, Alonso, Taylor homer off Cole and Mets rout Yankees 12-3 for 4-game Subway Series sweep

7 minutes ago

US, Canada intercept Chinese and Russian aircraft off Alaska

7 minutes ago

Fullback in a league of their own as the great all-rounder but a role not for the faint-hearted

7 minutes ago

Furious sea lions chase tourists out of famous San Diego cove

7 minutes ago

Donald Trump to fire America's military generals and replace them with NASCAR drivers

7 minutes ago

Moment Biden stumbles and blinks 'slowly' during speech

7 minutes ago

Kamala Harris manager says 2024 race will be ‘hard fought’ and won in ‘battlegrounds’

7 minutes ago

Bombshell twist as detectives give major update after four people were found dead in a Melbourne home - as sinister new theories emerge

7 minutes ago

Video: Crowd of hundreds mass overnight outside police station where men from Manchester Airport video were taken after chaotic incident where cop kicked and stamped on man's head chanting 'GMP shame on you'

7 minutes ago

Video: Woke students' bizarre reaction after TV show films fictional protest tent encampment on NYC campus

7 minutes ago

Aussie billionaires’ ‘obscene’ wealth grows

7 minutes ago

Ecologists outraged as authorities kill dozens of 'problem' bears in Slovakia

7 minutes ago

Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays

7 minutes ago

Bronco Taupau targets new deal ahead of milestone game

7 minutes ago

Liberals fawn over mumbling Biden's address to the nation with CNN fanboy Van Jones choking back tears - but on Trump Force One ex-president's face says it all

7 minutes ago

Greggs launches new 'liquid gold' bake that's perfect for fusion food fans

7 minutes ago

The latest on Toyota’s reborn FJ Cruiser

7 minutes ago

Bombshell twist as detectives give major update after four people were found dead in a Melbourne home - as sinister new theories emerge

7 minutes ago

Renault offers DIVORCE money back pledge on new electric Scenic family car - but there's a catch

7 minutes ago

2025 BYD Seal spied testing with updated tech in China

7 minutes ago

Workers’ Party leaders, AHTC and STC settle long-running lawsuits, drop claims after mediation

7 minutes ago

SBF plans initiative to help S’pore businesses benefit from cross-border trade, investment

7 minutes ago

2 drivers, 2 motorcyclists taken to hospital after accident in Serangoon