Ozempic14 Jun 2025 18:59
Looking at one of the examples Anthony Tennyson provided to Zak Muir.
Why is Ozempic so expensive?
AI Overview
Ozempic is expensive primarily due to Novo Nordisk's patent on semaglutide, the active ingredient, and the high cost of research and development. Additionally, the drugmaker sets high prices to recoup these costs and generate profit for shareholders. The high cost is further exacerbated in the US, where the company is accused of price gouging and treating the US market as a "cash cow".
The Danish maker of Ozempic and Wegovy reported a 25 percent increase in sales to $40.6 billion, but said it expected slower growth this year
Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and revenue on Wednesday that comfortably beat Wall Street expectations. But the drugmaker said it expected sales growth to slow in 2025, as competition increases.
Wegovy was approved for weight loss in 2021.
In 2021, Ozempic generated DKK 33.71 billion (approximately $5.36 billion USD) in sales for Novo Nordisk
Like for like that would be just under a US $pershare or 74p
That was in 2021, in 2024 it spiked at $40.6B almost $7 per share.