Novo Nordisk Takes Legal Action Against Wellness Clinics for False Advertising of Weight Loss Drug
Portfolio Pulse from Vandana Singh
Novo Nordisk (NYSE:NVO) has filed lawsuits against medical spas, weight-loss clinics, and wellness clinics for illegally marketing custom-made versions of Ozempic and other medicines for weight loss. The company is increasing Wegovy production to meet demand and has sought court intervention to prevent false advertising and trademark infringement.
June 20, 2023 | 5:49 pm
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Novo Nordisk is suing clinics for illegal marketing of its weight loss drugs and is increasing Wegovy production to meet demand.
Novo Nordisk is taking legal action against clinics for false advertising and trademark infringement, which may have a neutral short-term impact on its stock price. The company is also increasing Wegovy production to meet demand, which could potentially offset any negative impact from the lawsuits. The overall impact on the stock price is expected to be neutral.
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