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Novo's Wegovy pill to test demand from consumers with cash
Published by Global Banking & Finance Review®
Posted on December 23, 2025
4 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 23, 2025
4 min readLast updated: January 20, 2026
Novo Nordisk's FDA-approved Wegovy pill targets cash-paying consumers, launching in U.S. self-pay channels. It offers an oral alternative to injections.
LONDON, Dec 23 (Reuters) - Novo Nordisk's newly approved weight-loss pill version of Wegovy will be a test case for the fast-growing cash-paying consumer market, with plans for the first highly effective oral treatment to go straight to U.S. self-pay channels in early January.
The pill was granted U.S. Food and Drug Administration approval on Monday, a boost for Danish drugmaker Novo as it looks to claw back ground lost to U.S. rival Eli Lilly.
A key part of making it a success will be attracting cash-paying consumers, a stark shift from a business model where drug pricing is managed through health insurance plans, which has dominated for decades.
Under a deal with the Trump administration in November, Novo and Lilly agreed to sell starter doses of their weight‑loss pills, if approved, for $149 a month to U.S. Medicare and Medicaid patients and cash-paying customers who cannot get insurance coverage for the medications.
"We have a self-pay offer from day one for U.S. patients," David Moore, Novo's executive vice president for U.S. operations, told Reuters in an interview ahead of the pill's approval.
Novo plans to launch the Wegovy pill on multiple channels - including retail pharmacies such as CVS and Walmart, online platforms like GoodRx and telehealth partners including Ro and WeightWatchers - so people can start treatment without waiting for insurance coverage, he said.
The share of U.S. Wegovy prescriptions - until now injectable versions - via self-pay channels has jumped from about 5% to double digits this year, Moore said.
NEW STRATEGY FOR A DRUG LAUNCH
The focus on cash-paying consumers aims to revive Novo's slowing sales growth and turbocharge the next stage of expansion for the wider market. Novo has lost hundreds of billions of dollars in market capitalisation since mid-2024 amid rising competition.
"We've never launched this way before," Moore said.
In the past, "the mindset was more traditional – the product is available, you wait for insurers to cover it, and it's at the retail pharmacy," he said.
Novo is facing intensifying competition from Lilly's rival obesity drug Zepbound, known outside the U.S. as Mounjaro, and pressure from cheaper unapproved compounded versions of semaglutide, the active ingredient in the Wegovy injection and pill.
Lilly is awaiting U.S. approval for its weight-loss pill, which could come as early as March.
Novo hopes the once-daily oral dose of Wegovy could be a turning point in attracting people who were not motivated to start treatment with GLP‑1 injections.
WEIGHT-LOSS PILLS AN 'EASIER ON-RAMP'
Novo's U.S. medical head, Dr. Jason Brett, told Reuters that the pill could broaden access by giving doctors more choice in what they prescribe, and help "meet patients where they are" via telehealth.
"We need ways to keep patients on these medicines long term, and an effective oral preparation could help us do that," said Dr. W. Timothy Garvey, a professor of medicine at the University of Alabama at Birmingham and obesity researcher who worked on clinical trials for the Wegovy pill.
Novo does not expect the pill to cannibalise its injectable Wegovy business. Analysts and industry executives also do not expect oral GLP-1s to fully replace injections, but say pills could capture 20% of the global obesity drug market by 2030.
"There are people who are needle-phobic, people who develop 'injection fatigue,' and people who don't see themselves as sick and feel an injectable is too serious," said Zachariah Reitano, chief executive of telehealth company Ro.
"For all of them, a pill is a much easier on-ramp."
(Reporting by Maggie Fick in London; Additional reporting by Patrick Wingrove in New York and Chad Terhune in Los Angeles; Editing by Catherine Evans and Jamie Freed)
Wegovy is a prescription medication developed by Novo Nordisk for weight management. It contains semaglutide, which helps individuals lose weight by reducing appetite and calorie intake.
Cash-paying consumers are individuals who pay for goods or services out of pocket, without using insurance or financing options, often seeking more immediate access to products.
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