Wholesale giant Costco entered the GLP-1 chat earlier this month when it announced it would sell Danish biotech Novo Nordisk’s weight loss medication through its pharmacies. As of Oct. 3, Costco will offer Wegovy and Ozempic for $499 per month, a discount off list prices of $1,349.02 and $997.58, respectively, for patients paying out of pocket. The wholesaler’s announcement is the latest partnership in Novo Nordisk’s strategy to offer more affordable options for its diabetes and weight loss medications. Pankit Bhalodia, partner at consultancy West Monroe, told Healthcare Brew he’s “not super surprised” Costco is selling discounted GLP-1s “given the sheer demand” of the medication and the fact that direct-to-consumer (DTC) offerings are becoming more common in biotech. For one, Novo Nordisk already offers Wegovy and Ozempic through its own DTC site, NovoCare Pharmacy, also for $499 a month. It offered that price through partnerships with other big pharmacies like Walmart and its wholesaler Sam’s Club as well as CVS and drug discount company GoodRx. But experts say it’s unlikely to shake things up too much.—CM |