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Novo Nordisk cuts Wegovy prices in half for cash-paying consumers

1. Novo Nordisk halves Wegovy price to $499 for uninsured U.S. patients. 2. FDA confirms Wegovy supply shortage resolved, meeting U.S. demand. 3. Increasing competition prompts price cuts across the weight-loss drug market. 4. Novo Nordisk forecasts slower sales growth in 2025 due to competition. 5. Eli Lilly also cuts prices for its weight-loss drug, Zepbound.

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FAQ

Why Bearish?

The intense competition and price reductions could pressure Novo's margins, similar to past pricing wars.

How important is it?

The price cut and competition are critical for investor sentiment and market positioning.

Why Long Term?

Increasing competition and price wars may result in sustained impacts on revenues over time.

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