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Stock impact report

Why Viking Therapeutics Tumbled by More Than 10% This Week [Yahoo! Finance]

Novo Nordisk A/S (NVO) 
Last novo nordisk a/s earnings: 2/5 01:31 am Check Earnings Report
US:NYSE Investor Relations: novonordisk.com/investors.html
Company Research Source: Yahoo! Finance
According to data compiled by S&P Global Market Intelligence , the biotech's share price fell by just over 10% over the period as a result. Merck makes a move That news hit the headlines on Wednesday, with global pharmaceutical company Merck announcing that it had entered into an exclusive worldwide licensing arrangement for a GLP-1 obesity drug currently in development. It is licensing HS-10535, a pre-clinical experimental treatment administered orally, that was developed by Chinese biotech Hansoh Pharma. GLP-1 weight loss drugs have been wildly popular since they first started winning U.S. Food and Drug Administration (FDA) approval in mid-2021. Their popularity in the American market is understandable, given the relatively high levels of obesity within our borders. Merck will make an upfront payment of $112 million for the agreed-upon rights to HS-10535, and Hansoh will be eligible for up to an additional $1.9 billion in milestone payments, plus royalties, if and when the d Show less Read more
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