Cigna doubles down on GLP-1 investments: 5 notes

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The Cigna Group will introduce two new programs to help manage the cost and delivery of GLP-1 drugs. 

On a May 2 earnings call, Cigna Group President and COO Brian Evanko, in addition to reporting total year-over-year revenue up 14%, outlined Cigna’s efforts in the GLP-1 space. Here are five things to know: 

  1. EncircleRx, a program Cigna launched in 2024 to control the cost of GLP-1s for employers, now has 9 million enrollees, according to Mr. Evanko.
  2. Building on this program, Evernorth, Cigna’s health services arm, will launch EnreachRx to support pharmacies dispensing the drugs. In June, the company will launch EnGuide, a program to deliver GLP-1s to patients’ homes, according to Mr. Evanko.
  3. Around 50% of Evernorth’s client base are choosing to cover the cost of GLP-1s for weight loss, Mr. Evanko said. Among Cigna Healthcare clients, which tend to be smaller employers, this share is 15% to 20%.
  4. Other insurers are also making moves in the GLP-1 space. On May 1, CVS Caremark said it had selected Novo Nordisk’s Wegovy as the preferred GLP-1 medication for its largest commercial template formularies. Novo Nordisk also expanded its GLP-1 partnership with Humana’s CenterWell Pharmacy in late April.

Mr. Evanko told investors he doesn’t see formulary changes or preferring one manufacturer’s GLP-1 over another as “sufficient to generate the societal impact that these drugs can have.”

“We’re really proud of our comprehensive approach to the GLP-1 market and the solutions that we’ve introduced that address access, affordability, clinical safety and longer-term lifestyle changes,” he said.

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