Fake Ozempic - FDA and Novo Nordisk Warn Against Counterfeit Ozempic Penetrating US Market Amid High Demand
Portfolio Pulse from Vandana Singh
The FDA and Novo Nordisk have warned of counterfeit Ozempic in the U.S. market. Thousands of units of the diabetes drug have been seized, with confirmed counterfeit components including needles, pen labels, and packaging. The FDA has identified a specific lot and serial number to avoid and is investigating five non-serious adverse events related to the counterfeit product. High demand for Ozempic and Wegovy has led to supply restrictions and the emergence of knockoffs. Novo Nordisk's stock (NVO) fell slightly in premarket trading.
December 22, 2023 | 12:52 pm
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Novo Nordisk's Ozempic has counterfeit versions in the U.S. market, leading to FDA warnings and seizures. The company is facing supply constraints due to high demand, which has resulted in the emergence of knockoffs. NVO's stock experienced a slight decline in premarket trading.
The news of counterfeit Ozempic could negatively impact Novo Nordisk's brand reputation and customer trust, potentially affecting sales. The slight premarket dip in NVO's stock price reflects investor concern over these developments. However, the company's proactive measures and FDA's involvement may mitigate long-term damage.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100