What is the story about?
What's Happening?
Costco has announced that it will now offer Ozempic and Wegovy, two popular weight-loss drugs, at its pharmacies across the United States. These drugs, produced by Novo Nordisk, are available at a price of $499 for a one-month supply, aligning with prices at other major retailers like CVS and Walmart. Costco members can also receive an additional 2% discount. Ozempic is primarily used for managing Type 2 diabetes, while Wegovy is FDA-approved for weight loss and can reduce the risk of heart attacks and strokes in certain patients.
Why It's Important?
The availability of Ozempic and Wegovy at Costco pharmacies represents a significant development in the accessibility of weight-loss medications. By offering these drugs at competitive prices, Costco is enhancing its value proposition to members and potentially increasing its customer base. This move could also influence pricing strategies among other retailers and impact the pharmaceutical market. For consumers, the increased accessibility and affordability of these medications may lead to improved health outcomes, particularly for those managing diabetes or seeking weight-loss solutions.
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