Novo Nordisk said on Monday it is offering its diabetes drug Ozempic for $499 per month to eligible cash-paying type 2 diabetes patients in the U.S. The company said in March that it was cutting the price of its drug Wegovy to $499. The two drugs are similar, with Wegovy prescribed primarily for weight loss for obese patients. Ozempic is prescribed to patients with type 2 diabetes. Eli Lilly announced earlier this year that it would expand the supply and cut the costs of its weight-loss drug Zepbound, again ...

The shares of Pfizer Inc (NYSE:PFE) were last seen up 4.9% to trade at $24.4, after the pharmaceutical giant's second-quarter results beat expectations. The company also lifted its 2025 profit outlook, citing strength for its Covid-19 drugs as well as its Vyndaqel heart medication.Pfizer was one of the 17 companies President Donald Trump wrote to demanding lower drug prices. The firm said its current guidance absorbs the cost of tariffs and cost-cutting measures. In other news, the company will also abandon ...