Your email has been successfully added to our mailing list.

×
-0.00130227174070307 0.00014469686007821 -0.0053537838228909 0.00202575604109392 -0.00570684416148156 -0.0101287802054696 -0.0146143828678916 -0.0225727101721893
Stock impact report

Novo Cuts Outlook, Pledges Crackdown On Copycat Obesity Drugs [zero hedge]

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: zero hedge
Novo Cuts Outlook, Pledges Crackdown On Copycat Obesity Drugs Novo Nordisk shares surged as much as 6.5% in European trading, making it a top performer on the Stoxx 600, as Wall Street analysts said the Danish drugmaker's guidance cut was largely priced in—and pressures on Wegovy sales from compounded anti-obesity drugs may soon ease. Investor sentiment was also buoyed by expectations that Wegovy sales, will rebound in the second half, as the availability of compounded copycat versions declines. "We have reduced our full-year outlook due to lower-than-planned branded GLP-1 penetration, which is impacted by the rapid expansion of compounding in the U.S. We are actively focused on preventing unlawful and unsafe compounding and on efforts to expand patient access to our GLP-1 treatments," Novo CEO Lars Fruergaard Jorgensen wrote in a statement. Jorgensen told CNBC in an interview earlier, "Compounders took a part of our business away," adding, "We now expect that compounding will be knoc Show less Read more
Impact Snapshot
Event Time:
NVO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for NVO alerts
Opt-in for
NVO alerts

from News Quantified
Opt-in for
NVO alerts

from News Quantified