Reuters Reported Earlier Novo Nordisk Hired Thermo Fisher As 2nd Manufacturer For Wegovy Weight-loss Drug
Portfolio Pulse from Charles Gross
Novo Nordisk has hired Thermo Fisher as a second manufacturer for its Wegovy weight-loss drug, according to a Reuters report.
August 23, 2023 | 11:34 am
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POSITIVE IMPACT
Novo Nordisk has hired Thermo Fisher to help manufacture its Wegovy weight-loss drug, potentially increasing production capacity.
The hiring of a second manufacturer for Wegovy could potentially increase Novo Nordisk's production capacity, leading to higher sales and revenues. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Thermo Fisher has been hired by Novo Nordisk as a second manufacturer for the Wegovy weight-loss drug, potentially increasing its manufacturing business.
Being hired as a second manufacturer for Wegovy could potentially increase Thermo Fisher's manufacturing business, leading to higher revenues. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100