BREAKINGVIEWS-Novo Nordisk obesity feast no longer a free lunch

Reuters07-18

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Aimee Donnellan

LONDON, July 18 (Reuters Breakingviews) - The $603 bln drug group’s shares have more than trebled since 2021 on the back of booming sales of weight-loss treatment Wegovy. To justify that, it will need to keep coming up with new, even better products, and fend off rivals like Pfizer. Neither looks certain.

Full view will be published shortly.

Follow @aimeedonnellan on X

CONTEXT NEWS

Roche said on July 17 that a second drug candidate from its purchase of Carmot Therapeutics yielded positive results in an early-stage trial, as the Swiss drugmaker asserted itself as a late contender in the race to develop obesity drugs. Novo Nordisk’s shares fell nearly 4% on the news.

Pfizer said on July 11 that it plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year.

The new drug is part of the second generation of weight-loss pills under development by companies including Eli Lilly and Novo Nordisk that will offer patients a more convenient alternative to injections.

(Editing by Neil Unmack and Oliver Taslic)

((For previous columns by the author, Reuters customers can click on Aimee.Donnellan@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Woodbranch
    07-18
    Woodbranch
    Share your opinion about this news…
Leave a comment
1
1