Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Novo Nordisk stock hits new high on next-gen weight-loss drug results

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| March 7, 2024

{{labelSign}}  Favorites
{{errorMessage}}

  • Novo Nordisk stock jumped to a record high after it updated investors on positive results from a trial of a new weight loss drug
  • The Danish pharmaceutical company reported that the Phase I trial of its experimental obesity drug, Amycretin, showed a 13.1 pr cent weight loss in participants after 12 weeks
  • The maker of Ozempic and Wegovy is working in a new class called GLP-1 (glucagon-like peptide) drugs, which mimic the effect of the GLP-1 gut hormone that helps control blood-sugar levels and reduce appetite
  • Novo Nordisk stock opened trading at US$124.75 per share

Novo Nordisk (NYSE:NVO) stock jumped to a record high after it updated investors on positive results from a trial of a new weight loss drug.

The Danish pharmaceutical company reported that the Phase I trial of its experimental obesity drug, Amycretin, showed a 13.1 per cent weight loss in participants after 12 weeks.

The maker of Ozempic and Wegovy is working in a new class called GLP-1 (glucagon-like peptide) drugs, which mimic the effect of the GLP-1 gut hormone that helps control blood-sugar levels and reduce appetite.

Media reports that Novo Nordisk intends to begin a Phase 2 trial in the second half of the year, with results due in early 2026.

Novo Nordisk is a global healthcare company engaged in diabetes care and is Europe’s largest company by market capitalization. The company is also engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The company operates through two business segments: diabetes and obesity care and biopharmaceuticals.

Novo Nordisk stock opened trading at US$124.75 per share and its shares are 73.36 per cent higher than this time last year.

Join the discussion: Find out what everybody’s saying about this stock on the Novo Nordisk Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.



Tags:

{{labelSign}}  Favorites
{{errorMessage}}


Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company

StockhouseFeaturedCompany