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Ozempic maker Novo Nordisk lowers growth outlook for its weight loss drugs as pricing pressures mount
- This year, Novo Nordisk narrowed its guidance after lowering growth expectations for GLP-1 treatments, reporting a quarter net profit of 20 billion Danish kroner.
- Rising competition and U.S. pricing pressures prompted the company to lower growth expectations, citing prescription trends and transformation with DKK 95.9 billion restructuring costs affecting outlooks.
- Robust year-to-date sales coexist with softer near-term growth expectations for GLP-1 medicines, with Diabetes & Obesity sales at DKK 215.7 billion driven by 37% growth in Obesity care to DKK 59.9 billion.
- Investors have punished the stock, with shares falling more than 50% this year, while the Board called an EGM to elect new board members accessible via the investor link.
- Meanwhile, the company is adding assets—agreeing to buy Akero and cagrilintide, and secured Wegovy MASH approval, while Pfizer filed a lawsuit alleging anticompetitive conduct.
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The once most valuable European company feels the tough competition. Weight loss products are now available to other companies - albeit not always legally. Novo Nordisk has long been fighting against with a austerity program, but has to adjust the annual targets downwards again.
Danish diet giant Novo Nordisk is once again failing to live up to expectations.
·Stockholm, Sweden
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Total News Sources21
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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