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Novo Nordisk A/S Class Action: The Gross Law Firm Reminds Novo Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 30, 2025 – NVO
Novo NordiskNovo Nordisk(US:NVO) GlobeNewswire News Room·2025-09-04 19:46

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Novo Nordisk A/S regarding a class action lawsuit due to allegations of misleading statements about the company's growth potential and subsequent stock price decline [1][3]. Allegations and Stock Performance - The allegations state that Novo Nordisk provided overly positive statements while concealing material adverse facts about its growth potential, particularly regarding the compounded GLP-1 market and the likelihood of patients switching to its branded alternatives [3]. - On July 29, 2025, Novo Nordisk announced a reduction in its sales and profit outlook, attributing this to lower growth expectations for its products Wegovy and Ozempic, which led to a significant stock price drop from $69.00 to $53.94, a decline of approximately 21.83% in one day [3]. Class Action Details - The class period for the lawsuit is from May 7, 2025, to July 28, 2025, and shareholders are encouraged to register for participation by September 30, 2025 [4]. - Once registered, shareholders will receive updates throughout the lifecycle of the case, and there is no cost or obligation to participate [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [5].