Analysts pored over the details in its first-quarter results and monitored a potential rival weight loss treatment.
Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% loss on Thursday.
Weight loss drug makers were meanwhile broadly lower after U.S. firm Amgen said it was "very pleased" with initial trial results for its injectable obesity treatment MariTide.It puts the stock on track for its sharpest daily decline since October 2023, according to LSEG data.The company reported that sales for its blockbuster injectable weight loss treatment Wegovy, more than doubled to 9.38 billion kroner .
Analysts at Stifel trimmed their target price on the stock to 950 Danish kroner, down from 960 kroner on Friday.Both companies are consequently researching new potential weight loss treatments to maintain an edge.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wegovy maker Novo Nordisk down 4%, heads for worst day since OctoberAnalysts pored over the details in its first-quarter results and monitored a potential rival weight loss treatment.
Read more »
Novo Nordisk announces $6B investment in Ozempic, Wegovy amid shortagesNovo Nordisk's Negelle Morris spoke exclusively with ABC News.
Read more »
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than doubleSales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.
Read more »
US Senate committee investigates pricing of Novo's Ozempic and WegovyA U.S. Senate committee said on Wednesday it had launched an investigation into the prices of Novo Nordisk's diabetes and weight loss drugs Ozempic and Wegovy in the United States.
Read more »
US Senate committee investigates pricing of Novo's Ozempic and WegovyUS Senate committee investigates pricing of Novo's Ozempic and Wegovy
Read more »
Ozempic Maker Novo Nordisk Beats Profit Forecasts Amid Weight Loss Drug FrenzyI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Read more »