{"id":236771,"date":"2025-10-24T11:22:35","date_gmt":"2025-10-24T11:22:35","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/236771\/"},"modified":"2025-10-24T11:22:35","modified_gmt":"2025-10-24T11:22:35","slug":"trump-said-prices-for-ozempic-will-be-lowered-after-negotiations-with-novo-nordisk","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/236771\/","title":{"rendered":"Trump said prices for Ozempic will be lowered after negotiations with Novo Nordisk"},"content":{"rendered":"\n

The ‘Barron’s Roundtable’ panelists discuss dividend stocks and reveal their stock picks.<\/p>\n

The price of Novo Nordisk’s blockbuster diabetes and weight loss-related drug Ozempic will be cut, according to President Donald Trump.<\/a>\u00a0<\/p>\n

Trump said this week during a White House event on fertility treatments and drug pricing the price reduction will come after swift negotiations with the drugmaker.<\/p>\n

“They’ll be much lower,” Trump told reporters.\u00a0<\/p>\n

TRUMP’S QUEST TO REDUCE DRUG PRICES IS HEATING UP. BUT WILL HE BE ABLE TO DO IT?<\/a><\/p>\n

Novo Nordisk is the maker of Ozempic and Wegovy, which have the same active ingredient, semaglutide, but they are approved for different uses. Ozempic was approved by federal health officials in 2017 and marketed for medical use<\/a> in the treatment of Type 2 diabetes with weight loss being a side effect of the drug.<\/p>\n

Wegovy was approved four years later specifically for chronic weight management in adults who are obese or overweight and have at least one weight-related condition, such as high blood pressure or Type 2 diabetes. Both drugs have surged in demand in recent years, particularly for those seeking to lose weight.\u00a0<\/p>\n

\"A <\/p>\n

Ozempic is marketed for medical use in the treatment of Type 2 diabetes with weight loss being a side effect of the drug. (Marcus Brandt\/picture alliance via Getty Images)<\/p>\n

Novo Nordisk told FOX Business it has been in discussions with the Trump administration regarding the “most favored nation” executive order.\u00a0<\/p>\n

“We remain focused on improving patient access and affordability,<\/a> and we will continue to work to find solutions that help people access the medication they need,” Novo Nordisk said.\u00a0<\/p>\n

RFK JR ANNOUNCES \u2018HISTORIC CRACKDOWN\u2019 ON \u2018BROKEN\u2019 ORGAN DONATION SYSTEM<\/a><\/p>\n

The executive order is a drug pricing policy that seeks to ensure that Americans pay the lowest price charged for the same drugs in other developed nations.\u00a0<\/p>\n

\"Injection <\/p>\n

Novo Nordisk is the maker of Ozempic and Wegovy, which have the same active ingredient \u2014 semaglutide \u2014 but are approved for different uses. (Dhiraj Singh\/Bloomberg via Getty Images)<\/p>\n

Since taking office, Trump has focused on bridging the gap between what Americans and foreign nations pay for the same medications<\/a>.\u00a0<\/p>\n

The comments came on the heels of a September announcement in which Trump declared a drug pricing deal with Pfizer under which the pharmaceutical giant will lower the cost of its medications for Americans.<\/p>\n

TRUMP ANNOUNCES DRUG PRICING DEAL WITH PFIZER<\/a><\/p>\n

Pfizer has committed<\/a> to offering its prescription medications to Medicaid at the reduced “most favored nation” prices.<\/p>\n

\"Photo <\/p>\n

Ozempic was approved by federal health officials in 2017. (Michael Siluk\/UCG\/Universal Images Group via Getty Images)<\/p>\n

“Pfizer is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of anywhere between 50% and even 100%,” Trump said. “And that’s off, that’s off the price. And, in some cases, even more than that.”<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n

The president added that the U.S. “is done subsidizing the health care of the rest of the world.”<\/p>\n

Reuters and FOX Business’ Stephen Sorace contributed to this report.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The ‘Barron’s Roundtable’ panelists discuss dividend stocks and reveal their stock picks. The price of Novo Nordisk’s blockbuster…\n","protected":false},"author":2,"featured_media":236772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[49,48,84,377],"class_list":{"0":"post-236771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-medication","8":"tag-ca","9":"tag-canada","10":"tag-health","11":"tag-medication"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/236771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=236771"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/236771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/236772"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=236771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=236771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=236771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}