GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAviva Share News (AV.)

Share Price Information for Aviva (AV.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 477.90
Bid: 478.90
Ask: 479.10
Change: -2.90 (-0.60%)
Spread: 0.20 (0.042%)
Open: 481.50
High: 482.00
Low: 476.50
Prev. Close: 480.80
AV. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CORRECTED (OFFICIAL)-Pent-up private Wegovy demand prompts UK availability concerns

Tue, 05th Sep 2023 12:38

Britain is Novo's fifth market for Wegovy

*

UK has highest obesity levels in Europe -OECD

*

Wegovy to be available through NHS and privately

*

Private providers say locking in supply

By Maggie Fick

LONDON, Sept 4 (Reuters) - People in Britain who can afford to pay out of their own pocket may get easier access to Novo Nordisk's weight-loss drug Wegovy than those seeking treatment in the country's state-run health service, some doctors and medical experts warned on Monday.

That risks worsening health inequality in the country with the highest obesity levels in Europe when Britain's National Health Service (NHS) is under increasing financial strain and struggling with record waiting times.

Wegovy maker Novo Nordisk announced on Monday the launch of the drug in Britain, its fifth market, making it available on the NHS weight management scheme, where it will be prescribed for free, but also on the private market.

Novo said on Monday that it would allocate a portion of available supply for the NHS, which said around 50,000 patients could be eligible in England, but cautioned that supplies will be constrained for the foreseeable future.

Naveed Sattar, a Professor of Metabolic Medicine at the University of Glasgow who has consulted for Novo but said he had no knowledge of its decision-making process, said he was "not comfortable" with Wegovy being available privately.

"It just doesn't make sense to me because there is substantial need in the NHS. Why wouldn't we put all that (supply) through the NHS?" he said.

A 2019 Organisation for Economic Co-operation and Development (OECD) report said that nearly one in three adults are obese in the United Kingdom, the highest level in Europe.

In the most deprived areas in England, prevalence of obesity or being overweight is 14 percentage points higher than in the least deprived areas, data for 2020/21 show, according to a NHS report published in January.

Many obese people who live in poverty or face other barriers such as not speaking fluent English may struggle to access the NHS specialist service, said Duane Mellor, a dietician and senior lecturer at Aston University's medical school.

The specialist weight management service provided by the NHS is also relatively small compared with potential demand, doctors said.

The NHS declined to answer questions on the access concerns raised by the doctors, referring Reuters to its earlier statement on the launch.

LIMITED SUPPLIES

Wegovy, shown to help patients reduce body weight by around 15% when used along with exercise and lifestyle changes, is also available in the United States, Norway, Denmark, and Germany.

But Novo has had to limit supplies of starter doses in the U.S. due to supply shortages and soaring demand, while German doctors also say supplies are low.

Two of the country's leading private insurers, Aviva and AXA Health, said they would not cover Wegovy.

Even so, high levels of demand from people paying out of their own pocket for Wegovy, which is injected monthly, may also further hamper Novo's ability to produce enough of the drug as it tries to expand in Europe.

In a sign of pent-up private demand, UK-based Simple Online Pharmacy said that more than 50,000 people had registered an interest in Wegovy on its website.

Furthermore, doctors prescribing Novo's type 2 diabetes treatment Ozempic for weight-loss has caused shortages of that drug in Britain, the government said on Monday. Ozempic contains the same active ingredient as Wegovy, but in a lower dose.

Private providers are locking in supplies.

Simple Online Pharmacy expects to have Wegovy in stock "within the next 24 hours", while Numan, an online men's healthcare company, said it is said it is waiting to learn more about available supply from the wholesaler and intends to fill prescriptions this month.

Some of the main providers of weight-care medications in Britain, Simple, Walgreens Boots Alliance and Superdrug said they would charge private patients from 195 pounds for a monthly supply of Wegovy.

The criteria for doctors prescribing Wegovy privately is different to those set out under the NHS, potentially widening access to more people.

Juniper, a venture capital-backed private online clinic, said it will prescribe Wegovy to anyone with a body mass index (BMI) above 27 with a weight-related comorbidity.

Under the NHS, Wegovy would be prescribed to people with at least one weight-related condition and a BMI of 35 or more, or a BMI of 30 or more who are already treated within the NHS specialist weight management service.

"Using private providers will almost certainly mean that some of those who need the drug most will not be able obtain the drug," said Richard Holt, professor in diabetes and endocrinology at the University of Southampton.

More News
16 Aug 2023 12:01

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

Read more
16 Aug 2023 11:23

London midday: Stocks slip as core inflation stays high

(Sharecast News) - UK stocks were trading at five-week lows on Wednesday despite some big gains from blue-chip insurers, with market sentiment hit by fears that the Bank of England may step in to raise interest rates once again.

Read more
16 Aug 2023 08:58

LONDON MARKET OPEN: Stocks subdued, but insurers outperform

(Alliance News) - European equities made little headway at Wednesday's market open, but avoided the more pronounced declines seen in the US and Asia.

Read more
16 Aug 2023 08:18

CORRECT: Aviva raises dividend as swings to half-year profit

(Clarifies that Aviva is aiming for a gross cost reduction for its 2024 target.)

Read more
16 Aug 2023 08:08

TOP NEWS: Aviva raises dividend as swings to half-year profit

(Alliance News) - Aviva PLC on Wednesday reported a profit in the first half of 2023, boosted by growth in gross written premiums.

Read more
16 Aug 2023 08:03

London open: Stocks flat as rate-hike fears dampen risk appetite

(Sharecast News) - UK stocks were struggling for direction on Wednesday after data showed that core inflation remains stubbornly high, raising fears that the Bank of England may step in to tighten monetary policy even further.

Read more
16 Aug 2023 07:44

Aviva hikes dividend after robust first half

(Sharecast News) - Global insurance giant Aviva reported robust first-half growth on Wednesday, with operating profit rising 8% year-on-year to £715m.

Read more
16 Aug 2023 07:15

London pre-open: Stocks to extend five-week low

(Sharecast News) - UK stocks were set for another day of losses on Wednesday, after a heavy fall the previous session, as investors showed caution on busy day for economic data.

Read more
14 Aug 2023 08:15

Shaftesbury Capital agrees 10-year GBP200 million Aviva Investors loan

(Alliance News) - Shaftesbury Capital PLC on Monday said it agreed a new 10-year loan of GBP200 million with Aviva Investors, the global asset management business of Aviva PLC.

Read more
9 Aug 2023 15:49

UK earnings, trading statements calendar - next 7 days

Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Ocean Wilsons Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
Riverstone Credit Opportunities Income PLCHalf Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Watches of Switzerland Group PLCTrading Statement
Wheaton Precious Metals CorpHalf Year Results
Zoo Digital Group PLCFull Year Results
Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
Tuesday 15 August 
888 Holdings PLCHalf Year Results
Genuit Group PLCHalf Year Results
Georgia Capital PLCHalf Year Results
Kenmare Resources PLCHalf Year Results
Just Group PLCHalf Year Results
Legal & General Group PLCHalf Year Results
MTI Wireless Edge LtdHalf Year Results
UP Global Sourcing Holdings PLCTrading Statement
Victoria PLCFull Year Results
Wednesday 16 August 
Admiral Group PLCHalf Year Results
Aviva PLCHalf Year Results
Balfour Beatty PLCHalf Year Results
Essentra PLCHalf Year Results
Gattaca PLCTrading Statement
Glanbia PLCHalf Year Results
Hochschild Mining PLCHalf Year Results
Marshalls PLCHalf Year Results
Restore PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
9 Aug 2023 08:57

LONDON BROKER RATINGS: Jefferies raises Domino's Pizza to 'hold'

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

Read more
8 Aug 2023 17:07

UK's FTSE 100 dragged down by miners, financial stocks

Glencore shares slide after H1 earnings halve

*

Read more
8 Aug 2023 09:25

LONDON BROKER RATINGS: Deutsche Bank cuts WPP to 'hold' from 'buy'

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

Read more
7 Aug 2023 17:05

FTSE 100 ends lower as miners drag; defence firms rally

Miners lead sectoral falls

*

Read more
7 Aug 2023 09:14

LONDON BROKER RATINGS: JPMorgan lifts Rolls-Royce; RBC cuts Unite

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.