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Novo Nordisk to Cut Ozempic & Wegovy Prices by Up to 50%

by Olivia Martinez
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Tuesday, February 24, 2026 (2:03 PM) —

Novo Nordisk plans to reduce the U.S. List prices of its leading medications Ozempic and Wegovy – used for diabetes and weight loss, respectively – by as much as 50% beginning next year, according to the Wall Street Journal. This move impacts the official U.S. Price list and aims to improve the affordability and accessibility of these widely-used drugs, as the company responds to increasing scrutiny over medication costs and growing competition within the market.

About Ozempic (medication)

Semaglutide (international generic name – Ozempic as a brand name) is a medication for the treatment of type 2 diabetes mellitus in adults. It is intended as an adjunct, alongside diet and exercise and/or other medications for regulating blood glucose levels. The development of semaglutide is based on the work of biochemist Svetlana Mojsov.

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