Novo Nordisk’s (NYSE:NVO) Ozempic diabetes treatment, marketed as a weight loss treatment under the Wegovy brand name, has become the latest mega-blockbuster drug. Yet, while you may be thinking about ways to capitalize on its popularity and the rise of other glucagon-like peptide-1 (GLP-1) weight loss treatments, you should also consider the stocks to sell because of this trend.Eli Lilly (NYSE:LLY) may be poised to give Novo Nordisk a run for its money, with its similar offering Mounjaro, marketed to treat ...

SAN DIEGO, June 13, 2024 (GLOBE NEWSWIRE) -- Biosplice Therapeutics, Inc. (“Biosplice”), a clinical-stage biotechnology company pioneering first-in-class therapeutics based on small-molecule inhibition of DYRK/CLK kinases, has entered a collaboration with Novo Nordisk to develop drug candidates for the treatment of diabetes.   This agreement builds upon Biosplice’s innovative research, supported by robust external scientific literature, demonstrating the potential of DYRK inhibition to stimulate β-cell prol ...

Novo Nordisk (NVO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this drugmaker have returned +11.3%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Large Cap Pharmaceuticals industry, which Novo Nordisk falls in, has gained 5.8%. The key question now is: What could be the stock's future direction?Although m ...

Novo Nordisk's stock may not look all that expensive when you're focusing on the long-term potential.Odds are that if you hear the word "Ozempic," you likely associate that with weight loss. It's hard not to given all the posts on social media about users losing weight thanks to the drug. But many people may be surprised that it's not actually approved as a weight loss treatment -- regulators have approved it for diabetes. People have simply been taking it off-label because of its ability to help them lose ...

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024.European stocks were higher Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019.The pan-European Stoxx 600 was up 0.6% in early deals, with all major bourses and the vast majority of sectors in the green. Tech stocks jumped 1.7% while utilities were a rare outlier, down 0.7%.Health-care stocks a ...

VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) --  Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) advises that Mr Ross Hamilton has resigned as a director of the Company. Mr Mike Spreadborough Executive Co-Chairman shared, “On behalf of the Company’s directors, employees, and stakeholders, I would like to sincerely thank Mr Hamilton for his tireless commitment to Novo over the last 3.5 years as a Non-executive Director and Chair of the Sustainability Committee. ...

There's new evidence suggesting the drug will find another large market.Novo Nordisk's (NVO 0.65%) type 2 diabetes drug Ozempic is a sensation, and it's no surprise why. In the first quarter, revenue from Ozempic rose 35% year over year to reach roughly $4.3 billion, and there's no sign of a slowdown in sight.In fact, it's very possible that sales of the medicine in its various formulations will continue to accelerate for far longer than investors suspect. So here are three new reasons why it's worth being ...

Designed to celebrate diverse, unique portrayals of individuals who partner with their healthcare professional to change the course of their weight-management journey, while educating on the clinical data of Wegovy®Reflects the power of personal journeys to address stigma, and the importance of us all working together to address excess weight and treat obesityPLAINSBORO, N.J., June 3, 2024 /PRNewswire/ -- Novo Nordisk today launched The Power of Wegovy®, a new national campaign. The campaign aims to educate ...

Novo Nordisk (NVO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this drugmaker have returned +7.2% over the past month versus the Zacks S&P 500 composite's +4.2% change. The Zacks Large Cap Pharmaceuticals industry, to which Novo Nordisk belongs, has gained 4.8% over this period. Now the key question is: Where could the stock be headed in the near term?Although media repor ...

Core Insights - Novo Nordisk is a Danish pharmaceutical company with a strong focus on diabetes, obesity, and rare diseases, recently gaining attention due to the success of its products Ozempic and Wegovy [2][6] - The company has a long-term strategy and a robust pipeline that positions it uniquely within the pharmaceutical industry, allowing for sustained growth despite typical sector challenges [2][20] Group 1: Diabetes Treatments - Novo Nordisk's primary revenue source is diabetes-related products, including a variety of insulin types and GLP-1 receptor agonists, with semaglutide (Ozempic) being a notable example [6][7] - Approximately 10% of the adult population currently suffers from diabetes, with projections indicating that by 2045, 1 in 8 adults will be affected, representing a total addressable market (TAM) of about 790 million people [6][7] - Despite the growing patient population, there are pressures to reduce treatment prices, which may limit revenue growth in this segment [6] Group 2: Obesity Treatments - The obesity treatment segment is expected to drive future growth, with GLP-1 agonists proving effective for weight loss and appetite control [7][8] - There are currently 890 million people suffering from obesity worldwide, with a TAM that could encompass a significant portion of the global population [7] - Novo Nordisk has developed specific medications for obesity, such as Wegovy and Saxenda, to address the demand for weight loss solutions [7] Group 3: Pipeline and Future Growth - Novo Nordisk has a well-structured pipeline aimed at long-term growth, focusing on new GLP-1 based drugs and treatments for cardiovascular diseases, Alzheimer's, and Parkinson's [9][11] - The company is expected to maintain aggressive growth in GLP-1 treatments, with estimates suggesting a compound annual growth rate (CAGR) of around 20% from 2024 to 2030 [16][17] - Future growth is also anticipated from the development of treatments for rare diseases and other emerging therapies, which could become significant revenue drivers by the end of the decade [17][20] Group 4: Financial Performance - Novo Nordisk has experienced a 30% year-over-year growth in sales, particularly following the launch of Ozempic and Wegovy, with total revenues reaching Dkr244.24 billion [14][16] - The company boasts strong operating margins, with an EBIT margin of 45.38% and a gross profit margin of 84.65% [15] - Future sales estimates suggest a gradual decline in insulin sales, while GLP-1 related sales are projected to grow significantly, contributing to overall revenue growth [16][18]