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Stock impact report

Amgen's peek at its GLP-1 drug trial results heightens competition in obesity market [Yahoo! Finance Canada]

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
CEO Bob Bradway shared a peek at phase II results of the potential competitor to market leaders Wegovy from Novo Nordisk ( NVO ) and Zepbound from Eli Lilly ( LLY ) during Amgen's earnings call late Thursday. "Following the interim analysis, I would say we're confident in MariTide's differentiated profile, and believe it will address important unmet medical needs," Bradway said. Bradway and other executives did not expand on what exactly would differentiate it from existing products, however. Final phase II results are expected later in the year and the company has yet to begin the final step toward approval, a phase III trial of the drug. Still, Novo's stock slid more than 1% and Lilly's fell nearly 3% Friday. But analysts caution more information is needed. ADVERTISEMENT "While the update is encouraging ... we will still need to see full [phase II] data in order to evaluate MariTide's potential role in the rapidly evolving obesity space," said JPMorgan analyst Chris Schot Show less Read more
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