On Tuesday, Novo Nordisk announced that a higher-strength version of its weight-loss medication Wegovy is now available across the United States. The newly offered 7.2-milligram dose, marketed as Wegovy HD, received approval under the FDA Commissioner’s National Priority Review Voucher program last month.
Prior to this approval, the greatest authorized injectable dose of Wegovy for weight management was 2.4 mg. Novo Nordisk said the newly approved, larger-dose formulation will be dispensed through U.S. retail pharmacies, the company-operated NovoCare Pharmacy and a selection of telehealth providers.
Novo Nordisk provided details on patient costs for the new dose: adults paying cash for a Wegovy HD prescription should expect a monthly cash price of $399. Commercially insured patients could see out-of-pocket costs reduced to as little as $25 per month if they use the Wegovy savings offer, according to the company.
In related remarks last month, Novo Nordisk said it intends to introduce a discounted subscription plan for U.S. patients who pay out of pocket for Wegovy. The company framed that move as a means to offer steep discounts as it seeks to recover market share that it said had been ceded to Eli Lilly in the obesity-drug market.
Separately, promotional material included with the announcement highlighted tools for investors interested in Novo Nordisk, noting a Fair Value calculator that applies a mix of 17 valuation models to assess whether NVO is attractively priced. The material invited readers to use that tool to evaluate NVO and other stocks.
Availability and channels - Wegovy HD will be distributed through traditional pharmacies, NovoCare Pharmacy and select telehealth services, expanding access points for patients prescribed the higher-strength injection.
Pricing details - The company set a cash price of $399 per month for adults purchasing Wegovy HD without insurance, while insured patients may pay as little as $25 monthly when using the company savings offer.
Strategic pricing move - Novo Nordisk plans a discounted subscription option for self-paying U.S. patients, positioning the company to offer deeper discounts in response to competitive pressures in the obesity treatment market.