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Ozempic maker wants taxpayer subsidy for new Wegovy drug

Nick Bonyhady

Danish drug giant Novo Nordisk wants taxpayers to subsidise access to its blockbuster weight loss medication Wegovy after generating $605 million in revenue from Australia last year.

The company will soon make its third attempt at persuading the government to list Wegovy, a version of Ozempic designed for weight loss, on the Pharmaceutical Benefits Scheme. That would drop the price of a dose from $460 to $31.60 for patients, with the government covering the rest of the drug’s cost.

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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com

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    Original URL: https://www.afr.com/policy/health-and-education/ozempic-maker-wants-taxpayer-subsidy-for-new-wegovy-drug-20240802-p5jyvp