Britain's Drug Regulator Approves Novo Nordisk's Weight Loss Drug Wegovy To Cut Heart Disease Risk In Obese Patients
Portfolio Pulse from Vandana Singh
The U.K.'s MHRA has approved Novo Nordisk's (NYSE:NVO) weight loss drug Wegovy for reducing heart disease risk in obese patients. This makes Wegovy the first weight loss drug approved to prevent cardiovascular events in people with a BMI of 27 or higher. The approval is based on a clinical study showing a 20% reduction in major adverse cardiovascular events. Novo Nordisk is also expanding its production facilities in Denmark and the U.S. NVO stock is up 0.24% at $133.50.
July 23, 2024 | 6:40 pm
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The U.K.'s MHRA has approved Novo Nordisk's Wegovy for reducing heart disease risk in obese patients, making it the first weight loss drug approved for this purpose. This approval is based on a clinical study showing a 20% reduction in major adverse cardiovascular events. Novo Nordisk is also expanding its production facilities in Denmark and the U.S. NVO stock is up 0.24% at $133.50.
The approval of Wegovy for reducing heart disease risk in obese patients is a significant milestone for Novo Nordisk, potentially increasing the drug's market demand. The company's expansion of production facilities further supports its growth prospects. The stock's slight increase reflects positive market sentiment.
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