Norway's sovereign wealth fund, the world's largest, said on Monday it will abstain from voting on new board members, including the chair, at Novo Nordisk's extraordinary shareholders' meeting scheduled for November 14.
Novo Nordisk has partnered with India's Emcure Pharmaceuticals to exclusively distribute and market weight-loss drug Poviztra semaglutide injection in the country, the Indian firm said on Monday.
Novo Nordisk faces persistent investor skepticism due to competitive pressures from Eli Lilly and repeated downward guidance revisions. NVO's recent management changes and strategic revamp aim to restore credibility, but execution risks remain high amid stalled growth and market share losses. Despite losing a bidding war to Pfizer, NVO's capital discipline and strong profitability position it well for future opportunities, including the upcoming oral Wegovy launch.
Novo Nordisk (NVO 1.89%) is struggling with competition in its weight loss treatment business and is looking to make an acquisition to bolster its pipeline of drugs.
The Trump administration has announced agreements with pharmaceutical companies Novo Nordisk (NYSE:NVO) and Eli Lilly and Co (NYSE:LLY) to reduce the cost of GLP-1 medications used to treat obesity, diabetes, and related conditions. The initiative seeks to expand access and affordability for millions of Americans, including those covered by Medicare and Medicaid.
Novo Nordisk A/S (NVO) Q3 2025 Earnings Call November 5, 2025 6:30 AM EST Company Participants Jacob Martin Rode - Head of Investor Relations Maziar Doustdar - President, CEO & Member of the Management Board Ludovic Helfgott - Executive VP of Product & Portfolio Strategy and Member of Management Board David Moore - Executive VP of US Operations & Member of Management Board Martin Lange - EVP of R&D, Chief Scientific Officer and Member of the Management Board Karsten Knudsen - Executive VP, CFO & Member of the Management Board Conference Call Participants Carsten Madsen - Danske Bank A/S, Research Division Peter Verdult - BNP Paribas, Research Division Florent Cespedes - Sanford C. Bernstein & Co., LLC.
Novo Nordisk A/S shares have plunged nearly 70%, yet the company remains a leader in GLP-1 and obesity drugs with strong growth catalysts. Despite fierce competition and a recent reset phase, NVO's Q3 2025 showed net sales up 15% at CER and operating profit up 21% excluding one-offs. Obesity Care, led by Wegovy, saw 41% sales growth at CER, and the upcoming Wegovy pill approval could significantly boost adoption and revenue.
Wegovy maker Novo Nordisk said on Wednesday that its executive vice president in charge of manufacturing was stepping down.
Novo Nordisk said on Wednesday it has accepted the U.S. Inflation Reduction Act (IRA)'s maximum fair price for its diabetes and obesity medicines Ozempic, Wegovy and Rybelsus, which will become effective in January 2027.
Intensifying competition, pricing pressure and copycat versions of Ozempic and Wegovy hold back sales at the pharma giant.
A slew of headwinds has shaken investor confidence in what was once Europe's most valuable firm. Novo Nordisk is currently locked in a bidding war with Pfizer for U.S. biotech firm Metsera.
Novo Nordisk has been on a rollercoaster this year, with stiff competition in the weight-loss drugs space. Ahead of their third quarter earnings, CNBC's Silvia Amaro takes a look at what's at stake for the Danish giant.