No belt-tightening for obesity meds with market set to swell 10-fold [Yahoo! Finance]
Novo Nordisk A/S (NVO)
Last novo nordisk a/s earnings: 2/5 01:31 am
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Source: Yahoo! Finance
The treatments, which include Novo Nordisk's Wegovy and Eli Lilly's Zepbound, work by regulating appetites, including by slowing the stomach-emptying process and signalling to the brain that there is food in the gut. Appetite for the drugs could grow beyond those projections, particularly if the health insurance industry develops a taste for including them in policies. According to Goldman Sachs, "the drugs are expensive, insurance coverage is limited, and not everyone with obesity can or wants to take them." At the same time, the treatments, which can cost around $15,000 a year per person in the US, will likely be of use "for only a fraction of the 1 billion people globally who have obesity," according to Fatima Cody Stanford, an obesity medicine physician of Massachusetts General Hospital and Harvard Medical School, who contributed to the Goldman Sachs report. The need for the drugs has grown in the wake of widening waistlines worldwide, with the number of people classed as
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NVO
News
- Roche obesity therapy leads to ~19% weight loss in Phase 1 trial [Seeking Alpha]Seeking Alpha
- Denmark Raises Growth Forecast as Novo Nordisk Expands Output [BNN Bloomberg (Canada)]BNN Bloomberg
- Ozempic maker Novo Nordisk says it will study drug's effects on alcohol consumption but isn't focused on addiction [Yahoo! Finance]Yahoo! Finance
- Ozempic maker Novo Nordisk says it will study drug's effects on alcohol consumption but isn't focused on addiction [CNN]CNN
- Wegovy users may keep the weight off for 4 years, drug's maker says [CBS News]CBS News
NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/15/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/13/24 - Form 6-K
- NVO's page on the SEC website