Novo Nordisk Stock Declines After Headline Results From Mid-Stage Study Of Monlunabant In Obese Patients
Portfolio Pulse from Vandana Singh
Novo Nordisk's stock declined after announcing results from a phase 2a trial of monlunabant, a drug for obesity. The trial showed significant weight loss but also mild to moderate side effects. Novo Nordisk plans a larger phase 2b trial in 2025. Additionally, Novo Nordisk entered a partnership with NanoVation Therapeutics for genetic medicines.
September 20, 2024 | 4:24 pm
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Novo Nordisk's stock fell 5.49% following the release of phase 2a trial results for monlunabant, which showed significant weight loss but also mild to moderate side effects. The company plans a larger phase 2b trial in 2025.
The stock decline is likely due to investor concerns over the side effects reported in the trial, despite the positive weight loss results. The announcement of a larger trial in 2025 suggests ongoing commitment but also indicates that the drug is not yet ready for market, which may have contributed to the stock's decline.
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