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Norvo Nordisk (NVO) (OTCPK:NONOF) has prevented a subpoena for a congressional listening to over its pricing technique for weight reduction medication, Ozempic and Wegovy, after the Danish pharma big’s CEO agreed to testify earlier than the Senate later this yr.
Sen. Bernie Sanders (I-Vt.), the chairman of the Senate Committee on Well being, Schooling, Labor, and Pensions (HELP), introduced late Friday that Novo (NVO) CEO Lars Jørgensen will testify earlier than the committee in early September.
“I loved the chance of chatting with Mr. Jørgensen this afternoon and thank him for agreeing to voluntarily testify on a solo panel earlier than the HELP Committee on the excessive value of Ozempic and Wegovy in the US,” Sanders stated.
Early this week, Sanders introduced that the HELP committee would vote on June 18 to resolve whether or not to subpoena Novo’s (NVO) North American operations chief, Doug Langa, for a listening to over why the corporate prices greater costs for Ozempic and Wegovy within the U.S.
“The scheduled subpoena vote is not needed and can be canceled,” Sanders stated.
