Weight Loss Drugs Like Wegovy Would Not Impact Business - Healthcare Companies Tell Investors
Portfolio Pulse from Vandana Singh
Novo Nordisk A/S (NYSE:NVO) is facing supply limitations for its weight-loss drug, Wegovy, in the U.S. Healthcare firms are trying to convince investors that weight-loss medications won't affect their profits. The efficacy of Wegovy could boost the global obesity drug market to $100 billion within the next decade. However, concerns about the cost of weight-loss medications, uncertainty about their long-term use, and potential lack of insurance coverage could limit their market potential. Eli Lilly And Co (NYSE:LLY) is set to launch its Mounjaro weight-loss drug in the U.S., adding pressure to Novo Nordisk.
October 27, 2023 | 11:51 am
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NEUTRAL IMPACT
Eli Lilly is set to launch its Mounjaro weight-loss drug in the U.S., which could put pressure on Novo Nordisk.
Eli Lilly's upcoming launch of its Mounjaro weight-loss drug in the U.S. could put pressure on Novo Nordisk. However, it's unclear how this will impact Eli Lilly's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Novo Nordisk is facing supply limitations for its weight-loss drug, Wegovy, which could impact its profits. The company's stock is down 2.36%.
The supply limitations for Novo Nordisk's weight-loss drug, Wegovy, could negatively impact the company's profits. This is reflected in the company's stock price, which is down 2.36%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100