Rivalry over UK weight loss drug prices intensifies with Pharmacy2U markdown – 05/15/2024 at 4:49 p.m.

Rivalry over UK weight loss drug prices intensifies with Pharmacy2U markdown – 05/15/2024 at 4:49 p.m.
Rivalry over UK weight loss drug prices intensifies with Pharmacy2U markdown – 05/15/2024 at 4:49 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

British company Pharmacy2U announced on Wednesday that it had lowered the prices of weight loss drugs Wegovy and Mounjaro, becoming the latest in a series of online pharmacies and weight loss clinics to do so, amid initial shortages of these medicines are fading in the country.

WHY IS IT IMPORTANT?

The British market could provide a SURVEY of how the fight for patients between private providers could evolve as drugmakers Novo Nordisk NOVOb.CO and Eli Lilly LLY.N ramp up production.

Growing competition between retailers has sparked fears that some patients who buy their own medicines, given the limited capacity of the National Health Service, will not benefit from long-term follow-up if they continue to change suppliers .

CONTEXT

British drug retail companies that have already discounted weight loss drugs include Simple Online Pharmacy, Mayfair Weight Loss Clinic and London Slimming Clinic. They sacrificed part of their retail margin to gain patients because manufacturers did not lower their prices.

NUMBERS

Pharmacy2U, which serves more than 1.4 million UK patients through online prescription services, has reduced the price of the Wegovy starter kit for one month to 129 pounds ($162.90), from 169 pounds previously. The price of the Mounjaro starter kit has been reduced from 179 to 139 pounds.

Pharmacy2U said the offer was limited to May 31 but that it is “constantly reviewing prices for its weight loss services and will be able to confirm prices again in June”.

($1 = 0.7918 pounds)

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