What's Going On With Kidney Dialysis Provider Stocks Today?
Portfolio Pulse from Vandana Singh
Shares of DaVita Inc (DVA), Fresenius Medical Care AG (FMS), and Baxter International Inc (BAX) fell sharply due to Novo Nordisk A/S's (NVO) early termination of its semaglutide kidney outcomes trial FLOW due to early signs of efficacy. The GLP-1 drugs like semaglutide could potentially reduce the size of the dialysis patient population over time, negatively impacting the dialysis market. The announcement also strengthens the case for using GLP-1 drugs, including Eli Lilly And Co's (LLY) Mounjaro, in diabetes patients with chronic kidney disease.
October 11, 2023 | 1:53 pm
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POSITIVE IMPACT
The announcement strengthens the case for using Eli Lilly's Mounjaro in diabetes patients with chronic kidney disease.
The announcement could potentially boost the use of Eli Lilly's Mounjaro in diabetes patients with chronic kidney disease.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Novo Nordisk's semaglutide kidney outcomes trial shows early signs of efficacy.
The early termination of the trial due to signs of efficacy could potentially boost Novo Nordisk's business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Baxter International's stock price fell due to potential reduction in dialysis patient population.
The potential reduction in the dialysis patient population due to the efficacy of GLP-1 drugs could negatively impact Baxter International's business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DaVita's stock price fell sharply due to potential reduction in dialysis patient population.
The potential reduction in the dialysis patient population due to the efficacy of GLP-1 drugs could negatively impact DaVita's business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Fresenius Medical Care's stock price fell sharply due to potential reduction in dialysis patient population.
The potential reduction in the dialysis patient population due to the efficacy of GLP-1 drugs could negatively impact Fresenius Medical Care's business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100