Novo Nordisk Stock Dives On Forecast for 2026 Sales Drop

Dow Jones02:17

Novo Nordisk's U.S.-traded shares slid 13% Tuesday after the drugmaker unexpectedly warned that its 2026 sales would decline more sharply than expected, as pricing pressure weighs on U.S. sales of its popular diabetes and weight-loss drugs.

The Danish company said it expects global full-year 2026 sales to drop between 5% and 13% from 2025 levels, excluding currency fluctuations. In comparison, sales rose 10% for full-year 2025.

The company said that U.S. sales should decline because of lower prices for drugs including Ozempic and Wegovy, citing its recent agreement with the Trump administration to cut prices. The active ingredient of both drugs also will lose patent exclusivity in certain countries outside the U.S., which could clear the way for low-cost generic competition.

The diminished outlook is the latest piece of bad news for the once high-flying company, which helped pioneer the weight-loss drug market.

At the request of the copyright holder, you need to log in to view this content

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

We need your insight to fill this gap
Leave a comment