Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Novo Nordisk's next-generation weight-loss drug CagriSema has shown effectiveness, helping obese or overweight adult patients with type 2 diabetes lose 15.7% of their weight after 68 weeks [1] - Following the announcement, shares of Novo Nordisk experienced a decline of 5.52% at 11:10 a.m. London time [1]

Core Viewpoint - A class action securities lawsuit has been filed against Novo Nordisk A/S due to alleged securities fraud affecting investors between November 2, 2022, and December 19, 2024 [1] Group 1: Lawsuit Details - The lawsuit is in response to Novo's press release on December 20, 2024, which disclosed below-expected results from the "REDEFINE 1" trial, where patients treated with CagriSema lost only 22.7% of their weight after 68 weeks, falling short of the targeted 25% [2] - The trial allowed participants to modify their dosage, resulting in only 57.3% of patients receiving the highest dosage intended for the study [2] - Following the announcement, Novo's stock price dropped by $18.44, closing at $85.00 per share [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 25, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Novo Nordisk A/S (NYSE: NVO) between November 2, 2022 and December 19, 2024, both dates inclusive (the “Class Period”), of the important March 25, 2025 lead plaintiff deadline. SO WHAT: If you purchased Novo Nordisk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangemen ...

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Core Viewpoint - A class action securities lawsuit has been filed against Novo Nordisk A/S due to alleged securities fraud affecting investors between November 2, 2022, and December 19, 2024 [1] Group 1: Lawsuit Details - The lawsuit was initiated following Novo's announcement on December 20, 2024, regarding disappointing results from the "REDEFINE 1" trial, which investigated the efficacy and safety of subcutaneous CagriSema [2] - The trial results indicated that patients treated with CagriSema experienced a weight loss of 22.7% after 68 weeks, falling short of the company's target of at least 25% [2] - Following the announcement, Novo's stock price dropped by $18.44 per share, closing at $85.00 per share [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 25, 2025, to request appointment as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]

Group 1: Novo Nordisk's New Initiative - Novo Nordisk is launching a direct-to-patient online pharmacy called NovoCare, offering its obesity injection Wegovy at a discounted price of $499 per month for uninsured patients and those with insurance that does not cover obesity medicines [1] - Wegovy's current market price is approximately $1,350 per month, but insured patients typically pay between $0 to $25 [2] - The stock of Novo Nordisk rose nearly 4% following the announcement, indicating positive market reception to the new pricing strategy [2] Group 2: Market Context and Competitors - The launch of Novo Nordisk's discounted Wegovy follows a similar pricing strategy by Eli Lilly, which has also reduced prices for its obesity treatment Zepbound to $499 per month through a self-pay program [5] - The FDA announced in late February that the shortage of Wegovy has been resolved, allowing for increased availability of the drug [4] - The removal of Wegovy and Lilly's products from the FDA's shortage list has negatively impacted telehealth companies like LifeMD and Hims & Hers Health, whose stocks have dropped over 30% since the announcement [9]

Core Viewpoint - Novo Nordisk A/S faced a significant drop in stock price following the announcement of disappointing results from their "REDEFINE 1" trial, which investigated the efficacy of CagriSema for weight loss [1] Group 1: Trial Results - The "REDEFINE 1" trial showed that patients treated with CagriSema experienced a weight loss of 22.7% after 68 weeks, falling short of the company's target of at least 25% [1] - Only 57.3% of patients in the trial were on the highest dosage of CagriSema, as participants were allowed to modify their own dosage during the trial [1] Group 2: Stock Price Impact - Following the press release regarding the trial results, Novo's stock price decreased by $18.44 per share, closing at $85.00 per share [1] Group 3: Class Action Information - Shareholders who purchased shares of NVO during the class period from November 2, 2022, to December 19, 2024, are encouraged to register for a class action lawsuit [2] - The deadline for shareholders to seek lead plaintiff status is March 25, 2025, and there is no cost or obligation to participate in the case [2]

Novo Nordisk's (NVO 3.84%) latest move in the retail sphere was met with approval from market participants Wednesday. They bid the stock up by nearly 4% following the company's news, a performance that easily beat the recovering S&P 500's (^GSPC 1.12%) 1.1% gain.The story was different with Hims & Hers Health (HIMS 0.99%), which earlier this year had stepped into a key Novo Nordisk product segment. That stock rose on Wednesday, but only by 1%.A new retail serviceBefore market open, Novo Nordisk announced th ...

Novo Nordisk is cutting the cost of its blockbuster weight-loss drug Wegovy in half for U.S. patients paying cash through its direct-to-patient online pharmacy, as competition in the highly lucrative market stiffens.  With NovoCare Pharmacy, uninsured patients or eligible patients with commercial insurance who do not have coverage can access all dose strengths of Wegovy, the brand name for semaglutide, for $499 per month. This includes 0.25 mg, 0.5 mg, 1 mg, 1.7 mg, and 2.4 mg dose strengths. The list price ...