No Wegovy Shortage in Denmark Amid High Demand, Novo Nordisk Confirms
Portfolio Pulse from Vandana Singh
Novo Nordisk confirms no anticipated shortage of its weight-loss drug Wegovy in Denmark despite high demand, countering earlier warnings from the Danish Medicines Agency. The company also notes that all doses are available in Denmark. Additionally, online pharmacies and slimming clinics in Britain are reducing prices for Wegovy and Eli Lilly's Mounjaro as initial supply shortages ease.
May 15, 2024 | 3:59 pm
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POSITIVE IMPACT
Novo Nordisk confirms no anticipated shortage of Wegovy in Denmark despite high demand, countering earlier warnings from the Danish Medicines Agency. All doses are available in Denmark.
The confirmation of no shortage despite high demand is positive news for Novo Nordisk, likely boosting investor confidence and supporting short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Online pharmacies and slimming clinics in Britain are reducing prices for Eli Lilly's Mounjaro as initial supply shortages ease, driven by growing competition among retailers.
The price reduction for Mounjaro in Britain due to easing supply shortages and increased competition may have a neutral short-term impact on Eli Lilly's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50