$Novo-Nordisk A/S(NVO)$ Novo N-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Novo-Nordisk A/S(NVO)$

Novo Nordisk shares received a much-needed end of the year boost as the Wegovy maker became the first drugmaker to secure approval of a GLP-1 pill for weight loss, in what one analyst called a "redemption for the investors" after the stock's worst year ever.

The U.S. Food and Drug Administration's approval of Novo Nordisk's GLP-1 pill gives the Danish pharmaceutical giant a head start over U.S. rival Eli Lilly, which has also filed for FDA approval for its oral weight loss drug orforglipron.

Oral Wegovy Approval! Can Novo Stage a Comeback After -38%YTD?

Novo Nordisk surged 7% after receiving approval to sell an oral tablet version of its blockbuster weight-loss drug Wegovy in the U.S. The first “oral weight-loss miracle drug” is set to launch in the U.S. in early January. NVO is down 38% this year, while LLY has repeatedly hit new highs, up 39% year to date. Both are in the obesity drug space—does this mark a potential turnaround for NVO? After this year’s sharp decline, could 2026 bring a major breakout?

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