Novo Nordisk Faces Delayed Obesity Drug Wegovy Launch In New Markets Amid Surging Demand
Portfolio Pulse from Vandana Singh
Novo Nordisk's obesity drug Wegovy faces delays in launching in most European countries and an extended unavailability in developing nations due to surging demand and production issues. The World Health Organization is considering adding Wegovy to its essential medicines list, and the British government plans to launch a pilot program for the drug.
June 20, 2023 | 12:44 pm
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Novo Nordisk's obesity drug Wegovy faces launch delays in Europe and extended unavailability in developing nations, potentially affecting the company's stock price.
The delays in launching Wegovy in Europe and its extended unavailability in developing nations are due to surging demand and production issues. This could negatively impact Novo Nordisk's stock price as it may affect the company's revenue and growth prospects. Additionally, the uncertainty surrounding the market launch of the drug in the UK adds to the potential negative impact on the stock.
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