Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and revenue on Wednesday that comfortably beat Wall Street expectations. But the drugmaker said it expected sales growth to slow in 2025, as competition increases. Novo Nordisk retains its title as Europe’s most valuable company, but its share price has dropped about …
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That would slow the growth of the government’s spending on obesity drugs even as more people on Medicare started using them. New prices for the 10 drugs in the first round of price negotiations were announced last summer. Those prices will go into effect next year. Drugmakers were relieved that those cuts were not deeper. They have sued, unsuccessfully, to …
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When Stephane Castel first met with a group of Māori people and other Pacific Islanders in New Zealand to talk about his drug company’s plans for genetic research, locals worried he might be seeking to profit from the genes of community members without much thought to them. Instead, Dr. Castel and his colleagues explained, they were aiming to strike an …
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