Business

Eli Lilly, Novo Nordisk near deals with Trump Admin to cut drug prices

Eli Lilly and Novo Nordisk, whose drugs are related to the loss of creating a frenzy, are working with the Trump administration to lower the price of their famous drugs to $ 149, sources familiar with the matter told the Wall Street Journal.

As part of the agreement, which will be announced as soon as Thursday, drugs will be sold through trumprx, a Run-Run initiative that is close to launching next year that will connect drug manufacturers to buy prescription drugs without insurance.

Under the deal, Medicare and Medicaid would also cover weight loss drugs, increasing the number of patients who would have access to the drug, sources told the magazine.

FDA approves Eli Lilly’s tiirzepatide for weight loss

A spokesperson for Novo Nordisk told FOX Business that the company is “engaged in constructive discussions and the most popular drug administration,” aimed at reducing drug supply by finding other low-cost countries.

Wegovy injection pens are scheduled for waterbury, vt., April 28, 2025. (Getting to know Shelby/Bloomberg via Getty Images/Getty Images)

“We are always focused on improving patient access and affordability, and we will continue to work to find solutions that help people get access to the treatment they need,” said a spokesperson for the organization. Novo Nordisk did not comment on the specific agreement.

Eli Lilly cuts the cost of certain doses of zepbound by at least 50%

Eli Lilly told FOX Busing Business It is in discussions with management “to further expand patient access, maintain innovation and promote the affordability of our medicines.” It declined to provide specific details about the discussion.

However, sources said President Donald Trump could make an announcement as soon as Thursday on the sidelines of drug prices.

The customs inspector holds the Ozempic package.

A Customs investigator holds an Ozempic package during the presentation of doping deping agents, drugs and goods such as money and gold at the Office of Investigation in Hamburg 17, 2025. (Marcus Brandt / Photo Alliance via Getty Images / Getty Images)

White House Press Secretary Karoline Leavett also declined to comment on the details of the agreement during a press conference on Tuesday, but said the President had recognized that this was a priority for the administration.

Eli Lilly’s Mounjaro is more effective for weight loss than Ozempic, study says

“I will not start before anything the president in any future announcements, but I will make his strong commitment to reduce drug prices in this country,” said Levift. “And you’ve heard firsthand from Secretary Kennedy and Dr. Marty McCaffrey and his entire health and human resources team about how the President has reduced the cost of drugs.”

He also said that the administration has been working “with pharmaceutical companies to do that every day.”

Injection pens for govy weight loss treatment.

Injection pens for govy weight loss treatment, made by Novo Nordisk A / S, on display during a press conference in Mumbai, India, 2025. (Dhiraj Singh/Bloomberg via Getty Images/Getty Images)

Both companies have already launched their own consumer-centric platforms that aim to expand patient access by limiting new barriers they face.

Find FOX business on the go by clicking here

Novo Nordisk launched its platform, Novocarepharcy, in March, which allows patients who cannot afford the standard list price or who do not have insurance coverage for their preferred drugs Wegovy and Ozempic.

Lilly’s platform, LillyDirect, launched at the beginning of 2024, allows some consumers who are uninsured or restricted or in general to enter zepbound and monjaro directly from Eli Lilly without going through insurance.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button