SELECT: Novo Nordisk Comes Roaring Back

After being whipped repeatedly by Lilly’s Mounjaro, Novo’s Wegovy smashes its obesity cardiovascular outcomes trial.  

Novo Nordisk Headquarters

Two months ago, analysts regarded a 20% reduction in cardiovascular events among obesity patients as the best-case scenario for Novo Nordisk A/S’s Wegovy (semaglutide injection 2.4mg). Today the vast SELECT trial hit that bullseye, driving Novo’s shares up by 18% to DKK1,285.60 ($188.67) as investors anticipate wider reimbursement and a further leap in demand.

SELECT compared Novo’s GLP-1 agonist with placebo as an adjunct to standard of care for prevention of major adverse cardiovascular...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Cardiovascular

More from Therapeutic Category