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Pin to quick picksAlliance Pharma Share News (APH)

Share Price Information for Alliance Pharma (APH)

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Share Price: 35.00
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Change: -0.15 (-0.43%)
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High demand, low supplies for Novo's weight-loss drug launch in Germany

Thu, 24th Aug 2023 06:00

FRANKFURT, Aug 24 (Reuters) - Supplies of Novo Nordisk's popular weight-loss drug Wegovy are limited in Germany less than a month after its launch in Europe's largest drug market, major drug distributors and doctors told Reuters.

The volumes of the weekly injection that the Danish drugmaker has delivered to the country so far have fallen short of strong demand, the wholesalers said.

"Demand is by far exceeding the available volumes," a spokesperson for Noweda, which has almost a quarter of the German drug wholesale trade, told Reuters, adding the problem was nationwide.

Interviews with four wholesalers that account for three quarters of the German market, two doctors, a clinic and a pharmacy offer the first insights into Wegovy's rollout in Germany since its debut there at the end of July.

They also highlight the challenge for Novo as it seeks to expand in Europe while struggling to meet sky-high U.S. demand and spending billions boosting output.

In June, the company said breaking into new markets in Europe would be slower than initially planned. Earlier this month, it warned of continued periodic drug shortages across geographies.

Ahead of the German launch, doctors and patients told Reuters they anticipated high demand for the drug, with many patients prepared to take on the monthly cost of about 300 euros ($327) for the maintenance dose required after initial ramp-up.

"We have had a controlled and limited launch in Germany and been delivering to wholesalers continuously," a Novo spokesperson said in response to questions from Reuters, adding it had no influence over onward distribution to pharmacies.

The company reiterated a call for physicians to prescribe only in line with the approved use, which is for obese people with a body mass index of at least 30 or of at least 27 when a weight-related health problem is diagnosed.

Uninterrupted use is important for a sustained lowering of appetite and also because the drug's dosage needs to be stepped up over several months, following a schedule.

Munich-based obesity specialist Dr. Thomas Horbach said there was no Wegovy available in his area.

"Despite asking many different pharmacists about Wegovy, I did not find anyone who got the drug from any of their wholesalers," he told Reuters.

Ozempic, which is Novo's diabetes treatment and contains a smaller amount of the active ingredient in Wegovy, is also in short supply, the Noweda spokesperson said.

A spokesperson for Sanacorp Pharmahandel, with an almost 20% market share, said orders from pharmacies for some dosages of Wegovy were "several times" higher than the amounts delivered.

Phoenix Pharmahandel, the country's largest drugs wholesaler, and smaller trading alliance Pharma Privat said they were not receiving the volumes needed to meet demand and were trying their best to distribute fairly.

The distributors, which act as go-betweens for drug companies and pharmacies, declined to give details of volumes.

Helios St. Elisabeth Klinik in the western city of Oberhausen, which runs an obesity centre, said that patients there managed to obtain the drug but needed to ask around and go beyond their usual pharmacies to find it.

DocMorris, a German mail-order pharmacy, said it did not have any Wegovy in stock.

Dr. Jodok Fink, a bariatric surgeon in the southwestern city of Freiburg, said his patients had no access to Wegovy.

"We prescribe Ozempic because it’s cheaper (than Wegovy) and because Wegovy is not available,” he said.

More News
23 Dec 2022 17:05

TRADING UPDATES: Logistics Development buys Alliance Pharma shares

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:

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15 Dec 2022 15:45

UK dividends calendar - next 7 days

Friday 16 December 
Asia Dragon Trust PLCdividend payment date
Atrato Onsite Energy PLCdividend payment date
BlackRock Greater Europe Investment Trust PLCdividend payment date
BP PLCdividend payment date
CML Microsystems PLCdividend payment date
Craneware PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
J Sainsbury PLCdividend payment date
James Halstead PLCdividend payment date
Kainos Group PLCdividend payment date
Momentum Multi-Asset Value Trust PLCdividend payment date
Pershing Square Holdings Ltddividend payment date
Scottish American Investment Co PLCdividend payment date
Scottish Mortgage Investment Trust PLCdividend payment date
Tatton Asset Management PLCdividend payment date
Telecom Plus PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volex PLCdividend payment date
Whitbread PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 19 December 
CT UK Capital & Income Investment Trust PLCdividend payment date
JPMorgan UK Smaller Companies Investment Trust PLCdividend payment date
Softcat PLCdividend payment date
Tuesday 20 December 
abrdn Asia Focus PLCdividend payment date
Volution Group PLCdividend payment date
Wednesday 21 December 
Baillie Gifford Japan Trust PLCdividend payment date
iEnergizer Ltddividend payment date
London Finance & Investment Group PLCdividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Shaftesbury PLCdividend payment date
Shoe Zone PLCspecial dividend payment date
Thursday 22 December 
Aberdeen Diversified Income & Growth Trust PLCex-dividend payment date
abrdn Private Equity Opportunities Trust PLCex-dividend payment date
Alliance Pharma PLCex-dividend payment date
BlackRock World Mining Trust PLCdividend payment date
British & American Investment Trust PLCdividend payment date
British American Tobacco PLCex-dividend payment date
Britvic PLCex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Halma PLCex-dividend payment date
Home REIT PLCex-dividend payment date
IntegraFin Holdings PLCex-dividend payment date
J Smart & Co (Contractors) PLCex-dividend payment date
JPMorgan European Discovery Trust PLCex-dividend payment date
JPMorgan Japanese Investment Trust PLCex-dividend payment date
JPMorgan Multi-Asset Growth & Income PLCex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
Polar Capital Holdings PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Securities Trust of Scotland PLCex-dividend payment date
Topps Tiles PLCex-dividend payment date
United Utilities Group PLCex-dividend payment date
  
Copyright 2022 Alliance News Ltd. All Rights Reserved. 

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13 Dec 2022 10:28

LONDON BROKER RATINGS: Oddo BHF and Deutsche Bank cut easyJet

(Alliance News) - The following London-listed shares received analyst recommendations on Monday afternoon and Tuesday morning:

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24 Nov 2022 09:55

LONDON BROKER RATINGS: Numis cuts discoverIE; UBS likes Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

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23 Nov 2022 13:15

Alliance Pharma tumbles amid slower market recovery

(Sharecast News) - Alliance Pharma updated the market on fourth quarter trading on Wednesday, reporting that the expected recovery in some of its demand was happening more slowly than anticipated.

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23 Nov 2022 11:26

Alliance Pharma shares slump as warns on large orders miss

(Alliance News) - Alliance Pharma PLC said on Wednesday it expects its annual profit to fall, while it announced Chief Executive Officer Peter Butterfield is taking leave from the business for personal reasons.

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23 Nov 2022 11:14

AIM WINNERS & LOSERS: Applied Graphene launches strategic review

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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20 Sep 2022 10:41

Alliance Pharma shares down on flat interim profit, but lifts payout

(Alliance News) - Alliance Pharma PLC on Tuesday said it remains on track to meet full-year expectations as it reported a slight interim revenue climb and a flat profit.

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20 Sep 2022 09:54

Alliance Pharma revenue rises, profits narrow in first half

(Sharecast News) - Alliance Pharma reported see-through revenue of £81.6m in its first half on Tuesday, up slightly from the £80.9m it recorded a year ago, while its statutory revenue improved to £78.8m from £78.6m.

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13 Sep 2022 15:59

UK earnings, trading statements calendar - next 7 days

Wednesday 14 September 
Advanced Medical Solutions Group PLCHalf Year Results
Anpario PLCHalf Year Results
Artisanal Spirits Co PLCHalf Year Results
BioPharma Credit PLCHalf Year Results
Blackbird PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Diurnal Group PLCHalf Year Results
Dunelm Group PLCFull Year Results
Epwin Group PLCHalf Year Results
Glenveagh Properties PLCHalf Year Results
ITM Power PLCFull Year Results
Niox Group PLCHalf Year Results
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
STM Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 15 September 
Big Technologies PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Checkit PLCHalf Year Results
DFS Furniture PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
Gresham House PLCHalf Year Results
Hilton Food Group PLCHalf Year Results
IG Group Holding PLCQ1 Results
IGas Energy PLCHalf Year Results
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
MJ Gleeson PLCFull Year Results
Oxford BioMedica PLCHalf Year Results
Portmeirion Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
Renishaw PLCFull Year Results
RTW Venture Fund LtdHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Wickes Group PLCHalf Year Results
Friday 16 September 
Dunedin Enterprise Investment Trust PLCHalf Year Results
Monday 19 September 
City of London Investment Group PLCFull Year Results
Craneware PLCFull Year Results
Haleon PLCHalf Year Results
IQGeo Group PLCHalf Year Results
Tuesday 20 September 
Alliance Pharma PLCHalf Year Results
ASA International Group PLCHalf Year Results
Belluscura PLCHalf Year Results
Brown Advisory US Smaller Cos PLCFull Year Results
Cambridge Cognition Holdings PLCHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
Elixirr International PLCHalf Year Results
Feedback PLCFull Year Results
Fintel PLCHalf Year Results
First Tin PLCHalf Year Results
Frasers Group PLCFull Year Results
Gaming Realms PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Henry Boot PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
Jadestone Energy PLCHalf Year Results
Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
Moonpig PLCTrading Statement
Northcoders Group PLCHalf Year Results
Spectral MD Holdings LtdHalf Year Results
SThree PLCTrading Statement
Unbound Group PLCHalf Year Results
Xaar PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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2 Sep 2022 12:05

LONDON MARKET MIDDAY: Breather for markets ahead of key US jobs data

(Alliance News) - Stocks in London snapped the week's losing streak on Friday ahead of a key US jobs release in the afternoon.

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2 Sep 2022 11:00

AIM WINNERS & LOSERS: Serinus hit by disappointing Canar-1 well result

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on

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2 Sep 2022 09:01

Alliance Pharma appeals against CMA order to take action against CEO

(Alliance News) - Alliance Pharma PLC shares fell after the firm on Friday said that it has appealed against the UK Competition & Markets Authority's decision to seek a competition disqualification order against its chief executive officer Peter Butterfield.

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2 Sep 2022 08:13

Alliance Pharma appeals competition disqualification order

(Sharecast News) - Healthcare group Alliance Pharma has launched an appeal against a competition disqualification order levelled against a total of seven directors by the Competition and Markets Authority.

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2 Sep 2022 07:47

LONDON MARKET PRE-OPEN: Ashmore hit by "widespread risk aversion"

(Alliance News) - Stocks in London are seen staging a slight recovery at the end of a difficult week, but the monthly US jobs report due later in the day could bring further market volatility.

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