U.S. President Joe Biden is demanding price cuts on blockbuster drugs for diabetes and weight loss from Novo Nordisk (NVO) and Eli Lilly (LLY), saying in an editorial with Vermont Senator Bernie Sanders published in USAToday that the companies are charging “unconscionably high prices” that are above those paid in other countries. If “pharmaceutical companies refuse to substantially lower prescription drug prices in our country and end their greed, we will do everything within our power to end it for them,” Biden said.
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