NVO - Weigh Loss Competition Heats Up In Britain Online Pharmacies Slash Prices for Wegovy and Mounjaro | Benzinga
Online pharmacies and slimming clinics in Britain are reducing prices for Novo Nordisk A/S’s (NYSE:NVO) Wegovy and Eli Lilly And Co (NYSE:LLY) Mounjaro as initial supply shortages ease, a move driven by growing competition among retailers.
The reduced prices at retailers like Simple Online Pharmacy, Mayfair Weight Loss Clinic, and London Slimming Clinic reflect the increasing demand for these weight-loss drugs.
Simple Online Pharmacy, for instance, slashed the price of Mounjaro starter doses from 179 pounds to 149 pounds, responding to unprecedented demand for the drugs.
Self-paying patients are a significant source of revenue for drug manufacturers like Novo Nordisk and Eli Lilly.
The competition among drug retailers to capture this market share is intensifying, prompting them to offer competitive deals to attract customers.
Citing a professor of health economics, Reuters noted that the ...