Novo Nordisk considers fresh appeal after IRA defeat

9 October 2025

Danish pharma major Novo Nordisk (NOV: N) is considering its options after a US federal appeals court threw out its legal challenge to the Inflation Reduction Act (IRA) drug price negotiation program.

Introduced by former President Joe Biden’s IRA, the program directs the Department of Health and Human Services (HHS)—through the Centers for Medicare and Medicaid Services (CMS)—to negotiate prices with drug manufacturers.

Novo Nordisk’s insulin products were selected among the first 10 medicines up for negotiation in the program.

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