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Novo Nordisk CEO to testify at Senate hearing over high weight loss drug prices

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Danish drugmaker's CEO Lars Fruergaard Jørgensen will testify at a Senate Health, Education , Labor and Pensions Committee hearing at 10 a.m. ET on Tuesday in Washington , D.C. Sen. Bernie Sanders , who chairs the Senate panel, argues that Novo Nordisk charges Americans substantially higher prices for its blockbuster injections than it does for patients in other countries.

Ozempic costs nearly $969 per month and Wegovy costs almost $1,350 per month in the U.S. before insurance.

Both treatments can cost as little as under $100 for a month 's supply in some European countries, according to a release from the committee.