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-0.00193638096629923 -0.00322586884618778 -0.00279603955289154 -0.00225875293627136 -0.00322586884618778 0.00162045643572644 0.00655274757629999 0.00394153461952583
Stock impact report

Novo Nordisk shares rebound as FDA targets illegal drug copies [BNN Bloomberg (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
Company Research Source: BNN Bloomberg
The stock plunged nearly eight per cent on Thursday after telehealth company Hims and Hers Health HIMS.N launched a significantly cheaper US$49 compounded version of Novo Nordisk's FDA-approved Wegovy weight-loss pill. Novo's shares, which are near their lowest since Wegovy was introduced in June 2021, were 5.4 per cent higher at 1341 GMT. Late on Thursday, FDA Commissioner Marty Makary said on X that the agency would “take swift action” against companies mass-marketing illegal copycat drugs. “The FDA cannot verify the quality, safety or effectiveness of non-approved drugs,” he said without naming any companies. Despite the FDA statement, Bernstein analyst Christian Moore said he wasn't holding his breath for U.S. authorities to take decisive action. “We do think people will still buy it, and don't think the government will do anything to stop it, based on precedent,” he said. The FDA and individual states share regulatory authority over compounding pharmacies. In September Show less Read more
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