Novo Nordisk stock price takes a tumble after the Wegovy maker's next-generation weight-loss drug underwhelms
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Novo Nordisk's stock price dropped significantly after its next-generation weight-loss drug, CagriSema, failed to meet expectations in late-stage trials.
December 20, 2024 | 7:00 pm
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Novo Nordisk's shares fell by up to 24% in premarket trading after its weight-loss drug CagriSema did not meet expectations in late-stage trials.
The failure of CagriSema in late-stage trials is a significant setback for Novo Nordisk, as it was expected to be a major growth driver. The market reacted negatively, causing a substantial drop in the stock price.
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