Novo Nordisk Stock Eyes Worst Day, Week on Record
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Novo Nordisk A/S (NYSE:NVO) stock plummeted 18.9% to $82.25 after its weight loss drug CagriSema failed to meet expectations in a late-stage study.
December 20, 2024 | 3:45 pm
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Novo Nordisk's stock fell sharply by 18.9% due to its weight loss drug CagriSema not meeting expectations in a late-stage study.
The stock price of Novo Nordisk is directly impacted by the disappointing results of its weight loss drug CagriSema in a late-stage study, leading to a significant drop in investor confidence and stock value.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100