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Wegovy, Novo Nordisk’s weight-loss drug, now available in Germany, EU’s major market.

By Ludwig ⁣Burger and Maggie Fick

FRANKFURT (Reuters) – Novo Nordisk⁤ has⁣ launched blockbuster weight-loss drug Wegovy ‍in Germany, its⁤ first big European‌ market, hoping⁣ Germans will pay hundreds of euros out of pocket for a drug that ‍public health insurance plans are⁣ so far barred from covering.

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The drug, shown⁢ to help patients ⁤reduce body‍ weight by around 15% when used along ⁢with exercise⁤ and lifestyle⁢ changes, is already⁢ available in the United States, but in​ Europe is so far on sale only in​ small markets Norway and Denmark.

“The first patients have⁣ redeemed prescriptions ⁣in Germany,” a spokesperson‌ for Novo confirmed ⁤on Saturday to Reuters, ‌in line with previously announced plans to launch the drug​ there‌ at the end of July.

The Danish drugmaker’s share price​ has more than doubled in the two years since the drug‌ debuted, turning Novo into Europe’s second-most-valuable listed ⁢company after LVMH.

Doctors and patients in Germany have told Reuters they anticipate high demand for the weekly injections, ​with ‍many ​patients ⁢prepared to take on the cost, starting at 170 euros ($190) a month and rising⁢ to more ‌than 300 euros⁢ as treatment requires the dosage to increase.

Public health insurance plans,⁣ which cover about 90% of Germans, will not foot the ‍bill, under a decades old law that bars them from covering weight-loss drugs.

For the ⁤10% of Germans with private health insurance, coverage will vary. Among major providers, Allianz says it will pay if a physician diagnoses a medical need, while Debeka said its plans exclude weight-loss⁤ treatments.

Patient advocates and physicians have welcomed the arrival of Wegovy in Germany, where 18.5% ‍of adults are obese, above the European Union average of 16%.

The Robert Koch Institute, Germany’s ‌state public health agency, says diseases linked to excess body weight pose a considerable burden on health and social security systems.⁤

Novo is ramping up production ⁣to meet soaring demand in the United States, where the drug sells for as much as $1,350 a month. It says it ​will closely monitor⁤ prescriptions ⁤in Germany to ensure access for people ‌with obesity, but ​it cannot not rule out supply delays.

In Germany, Wegovy‍ will be administered with the same injection pen​ used in Norway and Denmark, ⁤different from the‍ one used in the United States, to ​avoid hitting supplies there.

Wegovy’s​ introduction in Germany will stir debate in a nation where⁢ the health care system has often treated obesity as a lifestyle choice rather than a chronic disease.⁢

Doctors say‍ many‌ Germans seeking to lose weight have already used ⁤Ozempic, a diabetes drug also made by Novo that is‌ a ⁣lower dose ‌version of the same ingredient as Wegovy.

Physicians have worried that supplies would be strained by ‌non-obese people seeking “vanity” prescriptions⁣ – a concern reflected⁢ in a ‍Novo statement in ‍mid-July ⁢saying physicians should “prescribe responsibly”.

($1 = 0.8984 euros)

(Reporting ‍by Ludwig Burger‍ in​ Frankfurt and‍ Maggie Fick⁣ in London)

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