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Published 3 days ago

Novo, Lilly Slip As Biden Urges Price Cuts On Obesity Drugs

Summary by NDTV Profit
(Bloomberg) -- Novo Nordisk A/S and Eli Lilly & Co. shares fell Tuesday after US President Joe Biden demanded price cuts on their blockbuster weight loss and diabetes drugs. The companies are charging “unconscionably high prices” that are above those paid in other countries, Biden said in an editorial with Vermont Senator Bernie Sanders published in USA Today. If “pharmaceutical companies refuse to substantially lower prescription drug prices in…

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