Novo Nordisk's Obesity Drug Shortage: Crunch Expands To First Gen Med Saxenda Amid Increased Demand
Portfolio Pulse from Vandana Singh
Novo Nordisk A/S (NYSE:NVO) is facing a shortage of its obesity drugs Wegovy and Saxenda due to increased demand. The FDA has listed Saxenda as having limited availability through the end of 2023. The European Medicines Agency has initiated a probe into Novo Nordisk's weight-loss medications amid reports of suicidal risks. Despite these challenges, NVO shares are up 3.81%.
July 20, 2023 | 5:41 pm
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NEUTRAL IMPACT
Novo Nordisk is facing shortages of its obesity drugs and regulatory scrutiny over potential suicidal risks associated with these drugs. Despite these challenges, the company's stock is up.
The shortage of Novo Nordisk's obesity drugs could potentially impact the company's revenues in the short term. However, the stock is currently up, indicating that investors may be focusing on other aspects of the company's performance. The regulatory scrutiny over potential suicidal risks associated with the drugs could also have a negative impact on the company's reputation and sales in the future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100