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Stock impact report

Novo Nordisk Wegovy Data Challenges Foundayo And Resets Valuation Debate [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
Novo Nordisk released new cross trial data indicating its oral Wegovy pill produces greater weight loss than Eli Lilly's newly FDA approved obesity pill Foundayo. The company reports fewer adverse events with Wegovy compared with Foundayo and cites strong patient preference for Wegovy's treatment profile. This is the first direct comparison between the two oral GLP 1 obesity treatments as Eli Lilly prepares to launch Foundayo in the United States. For investors watching CPSE:NOVO B, this data arrives at a time when Novo Nordisk's share price stands at DKK236.9 and longer term returns have been mixed. The stock is up 3.7% over the past week, the 1 year return shows a 42.6% decline, and the 5 year return sits at 20.2%. Those swings underline how sensitive sentiment has been to developments in the obesity drug space. The fresh Wegovy data sets up a head to head contest in oral GLP 1 treatments that could shape how physicians and patients think about efficacy and tolerability. As Show less Read more
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