Core Insights - Novo Nordisk has reached an agreement with the U.S. Administration to lower drug prices for semaglutide medicines starting in 2026, enhancing patient access and affordability in Medicare Part D and Medicaid [1][2] - A pilot program will be initiated to cover anti-obesity medicines under Medicare Part D, benefiting a majority of beneficiaries [1][3] - The company anticipates a direct, negative low single-digit impact on global sales growth in 2026 due to this agreement [3] Company Overview - Novo Nordisk is a leading global healthcare company founded in 1923, headquartered in Denmark, focusing on chronic diseases, particularly diabetes [5] - The company employs approximately 78,500 people across 80 countries and markets its products in around 170 countries [5] - Novo Nordisk's B shares are listed on Nasdaq Copenhagen, and its ADRs are listed on the New York Stock Exchange [5]

Core Viewpoint - Novo Nordisk has reached an agreement with the U.S. Administration to lower drug prices and expand access to semaglutide medicines, including Wegovy and Ozempic, starting in 2026 [1][2]. Group 1: Drug Pricing and Access - The agreement will enable Medicare Part D coverage for anti-obesity medicines through a pilot program aimed at covering a majority of Part D beneficiaries [1]. - Novo Nordisk will introduce lower prices for its semaglutide medicines in U.S. Medicare Part D, Medicaid, and direct-to-patient cash channels [6]. - The company is expected to receive a three-year tariff exemption as part of this agreement [1]. Group 2: Financial Impact - Novo Nordisk anticipates a direct, negative low single-digit impact on global sales growth in 2026 due to the pricing changes [3]. - Implementation of the new pricing structure is expected to begin in 2026, with a detailed financial outlook to be provided in February 2026 [3]. Group 3: Company Background - Novo Nordisk is a leading global healthcare company founded in 1923, headquartered in Denmark, and employs approximately 78,500 people across 80 countries [5]. - The company focuses on driving change to combat serious chronic diseases, particularly diabetes, through scientific breakthroughs and expanding access to medicines [5].