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Novo Nordisk Reports Positive Test Results For GLP-1 Pill
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The Business of Fashion
The value of the drugmaker Novo Nordisk jumped by about £9bn on Thursday after research showed that taking its new anti-obesity pill can result in almost as much weight loss as its Wegovy jab.
Shares in Novo Nordisk climbed by more than 6 percent on hopes that it can claw back market share lost to Eli Lilly and cheaper generic versions of GLP-1 drugs.
The Danish company is going head to head with Lilly’s daily weight loss pill, called orforglipron.
ADVERTISEMENTThe shares of GLP-1 drugmakers have vastly outperformed pharmaceutical companies that do not make those weight loss drugs.
By Julia KolleweLearn more:Ozempic Maker Novo Nordisk Slashes 9,000 JobsThe Danish pharmaceutical giant announced it would shed 11.5 percent of its workforce to reignite growth and fend off competition in the GLP-1 weight loss drug wars.
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