Novo Nordisk (NVO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Danish drugmaker Novo Nordisk has nearly halved prices of its obesity drug Wegovy in some Chinese provinces, local media Yicai reported on Monday.
Novo Nordisk secured FDA approval for the first oral GLP-1 weight-loss drug, Wegovy, positioning it as a sector game changer. NVO's oral Wegovy pill demonstrated superior weight-loss efficacy versus Eli Lilly's orforglipron, with 16.6% mean loss and 34.4% of patients exceeding 20% weight loss. The stock trades at just 15x EPS, near multi-year lows, despite a massive market opportunity projected to quintuple by 2035.
Eli Lilly is currently leading the market for GLP-1 drugs, taking the pole position from Novo Nordisk. Novo Nordisk just got approval for a GLP-1 pill, which could again upend the dynamics for weight loss drugs.
Novo Nordisk A/S secured FDA approval for oral Wegovy, marking a pivotal expansion in the obesity treatment market. Oral GLP-1 therapies promise greater accessibility and a potentially larger addressable market compared to injectables. NVO's obesity segment, though less reimbursed than diabetes, is growing rapidly at 41% year over year versus 10% for diabetes.
Novo Nordisk ( NVO ) is a global healthcare company and a prominent player in the diabetes market with a full portfolio of glucagon-like peptide 1 (GLP-1) receptor agonists, modern insulins and human insulins. Based in Bagsværd, Denmark the company is also a key player in hemophilia care, growth hormone therapy, hormone replacement therapy and obesity.
Novo Nordisk (NVO) closed at $52.56 in the latest trading session, marking a +1.84% move from the prior day.
NVO secures FDA approval for its first oral obesity pill, Wegovy, giving it a first-to-market edge and raising questions about Lilly's next move.
Novo Nordisk has finally received FDA approval for the Wegovy pill, aiming to regain ground in the obesity drugs market against Eli Lilly. NVO trades close to a 10-year low forward EBITDA multiple of 10.5x, reflecting deep market pessimism despite recent positive momentum. Intense competition with LLY and pricing pressures persist, but NVO's first-mover advantage in oral obesity drugs could catalyze a much-needed turnaround.
The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.
Dr. Ashish Jha, Brown School of Public Health, joins 'Closing Bell Overtime' to talk Novo Nordisk getting approval fro a Wegovy pill, sending its stock climbing.
Yesterday, the Food and Drug Administration (FDA) approved Novo Nordisk ‘s ( NYSE:NVO ) Wegovy weight-loss pill, the first of its kind.