Novo Nordisk experienced a significant drop in stock value, plummeting over 22% after clinical trial results for its weight-loss drug Cagrisema fell short of expectations, with participants losing an average of 22.7% of their weight compared to the anticipated 25%. Despite a 21% rise in net profit in the previous quarter and strong sales for its other products, the company faces increasing competition and production capacity challenges. The World Obesity Federation forecasts a growing market for weight-loss treatments, highlighting the potential for future growth amid rising obesity rates globally.
Novo Nordisk plans to seek regulatory approval for semaglutide as a treatment for metabolic dysfunction-associated steatohepatitis (MASH) after positive Phase 3 trial results. The study showed significant improvements in liver scarring and resolution of MASH among patients receiving semaglutide compared to placebo. Despite the promising findings, analysts remain cautious about its competitive edge in the MASH treatment landscape.
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