'Potential Link Between Ozempic, Wegovy And Serious Eye Condition Revealed In New Study' - New York Post
Portfolio Pulse from Benzinga Newsdesk
A new study from Massachusetts Eye and Ear has found a potential link between semaglutide, the active ingredient in Ozempic and Wegovy, and a serious eye condition called nonarteritic anterior ischemic optic neuropathy (NAION). The study indicates that diabetics on semaglutide have a four times higher risk of developing NAION, while those taking the drug for weight loss have a seven times higher risk. The findings were published in JAMA Ophthalmology.
July 03, 2024 | 3:03 pm
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POSITIVE IMPACT
Eli Lilly, a competitor in the diabetes and weight loss drug market, might see a short-term positive impact on its stock as Novo Nordisk faces potential challenges due to the new study linking semaglutide to NAION.
As Novo Nordisk faces potential regulatory and legal challenges, Eli Lilly might benefit from a shift in market sentiment towards its competing products, leading to a short-term positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Novo Nordisk, the manufacturer of Ozempic and Wegovy, may face scrutiny and potential regulatory challenges following a study linking semaglutide to a serious eye condition (NAION). This could impact the company's stock negatively in the short term.
The study's findings could lead to increased regulatory scrutiny and potential legal challenges for Novo Nordisk, negatively impacting investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100