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Novo Slashes Wegovy Price, Undercutting Its Most Bitter Rival

Investor's Business Daily
Summary
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Novo Nordisk launched an online pharmacy called NovoCare Pharmacy .

Cash-paying patients can order all doses of the weight-loss drug for $ 499 per month.

The active ingredient behind Wegovy , semaglutide, is no longer in shortage.

The news was a blow to Hims stock, which tumbled 3.7% to 38.98 .