Authored by Bill Pan via The Epoch Times
It costs Novo Nordisk less than $5 per month to produce its top-selling diabetes injection, Ozempic, even as it charges nearly $1,000 for a months supply before insurance, according to a new study.
| Source: | https://www.zerohedge.com/medical/935-diabetes-jab-can-be-made-less-5-study-suggests |
| Published: | Mar 31, 2024 |
| Author: | Tyler Durden |
| Post Date: | 2024-03-31 07:38:43 by Horse |
| Views: | 225 |
Authored by Bill Pan via The Epoch Times
It costs Novo Nordisk less than $5 per month to produce its top-selling diabetes injection, Ozempic, even as it charges nearly $1,000 for a months supply before insurance, according to a new study.
#1: Horse To: All (#0)
Those medicines work by mimicking a hormone called glucagon-like peptide-1 (GLP-1), which stimulates the pancreas to release insulin when blood sugar rises too high, slows down the emptying of the stomach, and targets brain receptors involved in reducing appetite. Over the past year, demand for GLP-1 agonists has exploded despite soaring costs and limited insurance coverage.
For their study, researchers at Yale University, Kings College Hospital in London, and the nonprofit Doctors Without Borders looked at the cost of manufacturing insulin and compared it with that of GLP-1 agonists. They estimated those prices by combining manufacturing costs for the weekly injection with costs of formulation and other operating expenses, plus a profit margin with an allowance for tax.
The foundational price for a weekly dose of injectable semaglutidethe generic name for Ozempicranges from $0.89 to $4.73 per month, the study found. By contrast, a vial of human insulin can be manufactured at a cost between $2.37 and $5.94 per month.
A months supply of Ozempic is $935.77 for those in the United States without health insurance, according to Novos website. The Danish companys GLP-1 weight loss drug, Wegovy, is listed as $1,349 per month.
Wednesdays study concluded that GLP-1s can likely be manufactured for prices far below current prices, enabling wider access.
High prices limit access to newer diabetes medicines in many countries, the researchers wrote. The findings of this study suggest that robust generic and bio-similar competition could reduce prices to more affordable levels and enable expansion of diabetes treatment globally.
Citing the findings, Sen. Bernie Sanders (I-Vt.) called on Novo to slash prices for both Ozempic and Wegovy, highlighting the price gap for the identical drugs sold in America and other developed countries.
Horse posted on 2024-03-31 07:39:45 Reply Private Reply
#2: Darkwing To: Horse (#0)
Darkwing posted on 2024-03-31 11:02:46 Reply Private Reply