financetom
Business
financetom
/
Business
/
Market Chatter: Novo Nordisk's Wegovy Demand Poised to Increase in UK as Rival Plans Price Hike
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Novo Nordisk's Wegovy Demand Poised to Increase in UK as Rival Plans Price Hike
Aug 21, 2025 3:14 AM

05:51 AM EDT, 08/21/2025 (MT Newswires) -- Novo Nordisk's ( NVO ) weight-loss drug Wegovy is seeing an increased demand in the UK as rival Eli Lilly ( LLY ) plans a significant price hike for its competing treatment, Mounjaro, Bloomberg reported Thursday.

According to the report, pharmacies are warning patients about the upcoming 170% price increase in September and are helping them switch to the more affordable Wegovy.

While Lilly says it is working with health care providers to ensure continued access, Novo Nordisk ( NVO ) is keeping its prices steady, the report said.

Novo Nordisk ( NVO ) and Eli Lilly ( LLY ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved