Novo Nordisk Launches Wegovy in China at Fraction of US Price

Nov 18, 2024, 01:15 PM

Novo Nordisk has launched its popular obesity drug Wegovy in China, marking a significant milestone in the company's expansion in Asia. The drug will be sold at a fraction of the price it commands in the US. Initial prescriptions will roll out in Shanghai this week. This move positions Novo Nordisk to tap into China's rising demand for obesity treatments, unlocking a fast-growing market for its blockbuster franchise. China is the world's second-largest pharmaceuticals market.