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0 -0.00012103139800038 -0.000175407823189004 0.000350815646377759 0 -0.000877039115944646 -0.000877039115944646 -0.000877039115944646
Stock impact report

Novo Nordisk stock target raised at UBS ahead of Wegovy Pill launch [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
The bank reiterated a Neutral rating on the stock. “We are seeing significant focus on initial Rx data for the Wegovy pill, but the data is unlikely to fully reflect the launch,” analysts led by Matthew Weston said in a note. They emphasized that initial data will not capture NovoCare and telehealth channels until later in the first quarter, which represent the largest sources of cash-pay prescriptions. Analysts said channel checks also suggest that early insurance coverage is constrained by prior authorisations and step edits, limiting the pace of uptake in the first weeks. Based on comparisons with earlier obesity drug launches, UBS does not expect an immediate surge in prescriptions. It pointed out that both Wegovy and Eli Lilly's Zepbound took several weeks before reaching more meaningful prescription volumes. The analysts forecast first-quarter Wegovy pill prescriptions of around 400,000, which they said is comparable to the Zepbound launch by volume and “significantly Show less Read more
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