Novo Nordisk shares plunge 20% after disappointing trial results; Lilly jumps [MSNBC.com]
Novo Nordisk A/S (NVO)
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Source: MSNBC.com
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy.Hollie Adams | ReutersShares of Danish pharmaceutical giantThe maker of the wildly popular Wegovy obesity drug said its new drug candidate helped patients reduce their weight by 22.7%, below the 25% it told CNBC it had previously forecast.Shares of rival obesity drug makerEli LillyThe trial results deal a blow to expectations that CagriSema could become a next-generation obesity drug. The two-drug injectable treatment combines semaglutide, the active ingredient in Wegovy, along with amylin analog Cagrilintide, anascent form of weight loss treatment."We are encouraged by the weight loss profile of CagriSema demonstrating superiority over both semaglutide and cagrilintide in monotherapy in the REDEFINE 1 trial. This was achieved even though only 57% of patients reached the highest CagriSema dose," Martin Holst Lange, executive vice president for Development at Novo Nordisk, said in a separate press release."With the
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NVO
Earnings
- 11/7/24 - Beat
NVO
Sec Filings
- 12/20/24 - Form 6-K
- 12/20/24 - Form 6-K
- 12/18/24 - Form 6-K
- NVO's page on the SEC website