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Ozempic May Be Profitably Manufactured A lot Cheaper: Examine

Ozempic, the appetite-suppressing injection often known as semaglutide, at present prices $935.77 within the U.S. with out insurance coverage. However a new analysis report from Yale College, King’s Faculty Hospital in London, and Docs With out Borders revealed in JAMA Community Open Wednesday means that the worth of the prescription drug could possibly be lowered to a fraction of what it’s proper now, whereas nonetheless producing a revenue.

The researchers calculated cost-based costs for one month of Ozempic, administered as an injectable of 0.77 mg weekly, by combining industrial commerce cargo knowledge from January 1, 2016 to March 31, 2023 with the price of creating the drug, different working bills, a revenue margin, and tax. They discovered that the cost-based costs of Ozempic ranged from $0.89 to $4.73 monthly.

“The findings of this research recommend that insulins, SGLT2Is, and GLP1As can probably be manufactured for costs far under present costs, enabling wider entry,” the researchers wrote.

A pharmacist holds a field of Novo Nordisk A/S Ozempic model semaglutide medicine. Photographer: George Frey/Bloomberg through Getty Pictures

Ozempic prices much less outdoors of the U.S. — a Bloomberg report discovered {that a} month’s provide of the injectable prices underneath $300 in Mexico.

“Outdoors the US, international locations have totally different regulatory necessities with regard to the pricing of medicines, together with negotiating with respective authorities entities,” Ozempic maker Novo Nordisk instructed Bloomberg.

Associated: FDA Has Seized ‘1000’s’ of Pretend Models of Ozempic Amid Reported Instances of ‘Hostile Reactions’ in Sufferers

Drug markups have lengthy come underneath nationwide scrutiny, with Martin Shkreli, the previous head of Turing Prescription drugs, pressured to pay $64 million in 2022 after inflating the worth of a life-saving drug by 4,000%.

Ozempic falls underneath the class of a GLP-1 drug, which means that it addresses kind 2 diabetes by enhancing blood sugar management and likewise doubtlessly resulting in weight reduction, based on the Mayo Clinic.

Prescriptions of GLP-1 medication elevated by 300% between 2020 and 2022, Trilliant Well being researchers discovered. Ozempic first made headlines in 2021 when it was featured on the Dr. Oz Present.

Associated: Novo Nordisk, the Maker of Ozempic, Is Suing Spas and Clinics For Allegedly Promoting Knockoffs

Ozempic and different related medication might trigger a mean weight lack of 15% to twenty%, “considerably greater than earlier choices,” as per Columbia Surgical procedure.

The identical publication warns of the life-long dedication Ozempic requires, as discontinuing the drug might result in gaining all the weight again. The drug might additionally trigger nausea, cramps, and different disagreeable unwanted side effects.

Regardless of the excessive price and potential downsides, Ozempic skyrocketed in reputation final yr, with 66% of its greater than $13 billion gross sales coming from the US, based on Novo Nordisk’s 2023 annual report.

Associated: Novo Nordisk Is Price Extra Than Denmark’s GDP Because of America’s Ozempic and Wegovy Craze

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