Novo Nordisk will begin a new late-stage trial of its experimental next-generation obesity drug CagriSema on Feb. 10, according to a www.clinicaltrials.gov entry.
Novo Nordisk (NVO) concluded the recent trading session at $84.03, signifying a -1.36% move from its prior day's close.
The US Food and Drug Administration (FDA) has approved Novo Nordisk's (NYSE:NVO) Ozempic for treating chronic kidney disease in individuals with type 2 diabetes. It expands the medication's use beyond its role in managing blood sugar levels and weight loss.
The Food and Drug Administration on Tuesday approved Ozempic, the weight loss drug made by Novo Nordisk A/S NVO, for the treatment of chronic kidney disease in patients who also have type 2 diabetes.
Novo Nordisk said on Tuesday the U.S. FDA has approved its diabetes drug Ozempic to reduce the risk of worsening kidney disease and death due to cardiovascular disease in adults with type 2 diabetes and chronic kidney disease.
The Food and Drug Administration approved Novo Nordisk's Ozempic for patients with chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S. The FDA's decision means Ozempic can be used to reduce the risk of kidney disease worsening, kidney failure and death from cardiovascular disease in patients with chronic kidney disease and diabetes.
The data from the early-stage obesity study of amycretin is a short-term win for Novo Nordisk amid other factors that weigh in on the stock's growth prospects.
GLP-1 treatments such as semaglutide (under the brand names Ozempic and Wegovy) by Novo Nordisk A/S NYSE: NVO were likely the hottest medical sector story in 2024. With its offering of tirzepatide (branded as Mounjaro and Zepbound), Eli Lilly and Co. NYSE: LLY was another key pharma player in this new type of treatment for diabetes and obesity.
Novo Nordisk stock gains as its subcutaneous investigational candidate, amycretin, achieves superior weight loss compared to placebo in an obesity study.
Novo Nordisk agreed to cap insulin prices to settle a lawsuit in which Minnesota's attorney general accused the three largest insulin makers of deceptive pricing practices, court papers on Monday show.
Novo Nordisk (NYSE:NVO) stock added more than 7% on Friday after the Danish drugmaker unveiled positive early-stage trial results for its weight loss drug amycretin. The trial demonstrated that patients receiving the highest dose of amycretin, a unimolecular long-acting GLP-1 and amylin receptor agonist, achieved an average weight loss of 22% after 36 weeks.
Finally, some good news for Novo Nordisk (NVO 7.30%) shareholders!