Weight loss drug contender Zealand Pharma jumps 18% on trial results [MSNBC.com]
Novo Nordisk A/S (NVO)
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Source: MSNBC.com
Vials on the Wegovy line at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Friday, March 8, 2024.Bloomberg | Bloomberg | Getty ImagesLONDON — Shares of Denmark'sZealand PharmaGains had cooled to around 18% by the close, after surpassing more than a 23% gain during morning trade.The company said Thursday that a course of 16 weekly high doses of long-acting amylin analog petrelintide reduced body weight by up to 8.6% on average in the study. A placebo drug led to a body weight decrease of 1.7%.One out of 48 study participants withdrew due to negative effects.Petrelintide was "judged to be safe and well tolerated at all dose levels," and the results provided "robust support" for its potential as an alternative to GLP-1 receptor agonist-based therapies for weight management, Zealand Pharma said in a release.GLP-1RA-based treatments include Ozempic, the diabetes drug produced by fellow Danish pharmaceutical firmexploded in popularityobesity drugwatch nowVIDEO7:3507:35S
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News
- Novo Nordisk Buys 2seventy's Hemophilia A Program, Divestiture Supports Exclusive Focus On Abecma [Yahoo! Finance]Yahoo! Finance
- 2seventy bio completes $40m haemophilia A program deal with Novo Nordisk [Yahoo! Finance]Yahoo! Finance
- Novo Nordisk To Restrict Initial Wegovy Sales In China Amid High Demand [Yahoo! Finance]Yahoo! Finance
- Novo Nordisk's (NVO) Hypertension Drug Study Fails to Meet Goal [Yahoo! Finance]Yahoo! Finance
- Weight-loss patients warned of counterfeit Ozempic as dupes popular of drug proliferate [USA TODAY]USA TODAY
NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 6/26/24 - Form 6-K
- 6/24/24 - Form 6-K
- 6/21/24 - Form 11-K
- NVO's page on the SEC website