Ozempic CEO testifies about drug prices
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(ABC 6 News) — On Tuesday, lawmakers grilled the CEO of the company that makes Ozempic and Wegovy over the price tag of those drugs.
The company, Norvo Nordisk, charges Americans with type 2 diabetes just under $1000 per month for Ozempic and $1300 for Wegovy.
The company also says the high costs go toward developing and manufacturing the drug. The CEO also blamed pharmacy benefit managers; an industry he said can keep the cost of drugs high.