Novo Warns Sales Will Drop Due to Tougher US Competition [Yahoo! Finance Canada]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Yahoo! Finance Canada
Management changes are already taking place, with Dave Moore, who headed the US business for a year, leaving to be replaced by Jamey Millar, who is currently at UnitedHealth Group and has also worked at GSK Plc. Novo has also appointed Hong Chow to lead product and portfolio strategy starting Feb. 15, the company said Tuesday. She most recently oversaw the China and international business for Merck Healthcare in Germany. Novo's annual sales last fell in 2017 amid a price war over insulin in the US. The company is trying to fend off competition on multiple fronts, with rival Eli Lilly & Co.'s shot Zepbound taking leadership in the US market and generic copies of Ozempic likely to emerge in international markets this year. Analysts had anticipated a conservative forecast and a decline in sales, but the magnitude of the potential drop is larger than had been predicted. Novo said that while the global GLP-1 market is expected to expand this year, with increased patient reach and high
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- 1/27/26 - Beat
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- 1/27/26 - Form 8-K
- 1/12/26 - Form 8-K
- 1/6/26 - Form 4
- UNH's page on the SEC website