Flags with the Novo Nordisk logo flutter outside their Danish company’s offices in Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photoon Thursday reported record sales and operating profits for the third quarter but flagged continued restrictions on supplies of its hugely popular Wegovy weight-loss drug.
Novo has struggled to keep up with soaring demand for the appetite-suppressing, anti-obesity drug and has limited the number of patients who can start treatment. “While supply capacity for Wegovy is gradually being expanded, the supply of the lower dose strengths in the U.S. will remain restricted to safeguard continuity of care,” the company said in a statement.
The company also said in its quarterly earnings statement that in September and October it had submitted applications with U.S. and European Union authorities for Wegovy to be approved to reduce the risk of cardiovascular events.Sales grew 29% year-on-year to 58.7 billion Danish crowns ($8.33 billion), while operating profit (EBIT) rose 33% to 26.9 billion, both in line with preliminary numbers released last month. headtopics.com
Exclusive: Novo hires FUJIFILM unit to help make Wegovy weight-loss drugNovo Nordisk (NOVOb.CO) has hired FUJIFILM Diosynth Biotechnologies to fill Wegovy injection pens, a source familiar with the matter told Reuters, as the Danish drugmaker scrambles to boost output of its hugely popular weight-loss drug. Read more ⮕
Novo Nordisk Reports Earnings Thursday. Wegovy and Ozempic Will Be in Focus.The earnings report comes amid what has been a surprisingly grim two weeks for the pharmaceutical stocks. Read more ⮕
Ozempic, Wegovy demand drives up illegal sales of weight-loss drugsToday’s Video Headlines: 11/1/23 Read more ⮕
Why brewers aren’t worried about Wegovy users drinking less beerGlobal brewers AB InBev (ABI.BR) and Carlsberg (CARLb.CO) this week played down concerns among some investors that demand for weight-loss drugs may lead to a sharp drop in beer drinking. Read more ⮕
Weight loss: Managing behavior is crucial to success!Losing a huge amount of weight is next to impossible. So, some people have turned to Ozempic and Wegovy. But weight loss specialists know that managing the behavior that led to obesity is a critical piece to losing weight. Read more ⮕
Police seek suspect in Southern California restaurant shooting that injured 4Three people were struck by bullets and a fourth grazed when a shooter opened fire inside a Brazilian restaurant south of San Diego. The shooting occurred Saturday night inside NOVO Brazil in Chula Vista. Fears of an active shooter loose in the Otay Ranch Town Center caused police to lock down the mall. The suspect remained at-large on Monday. Read more ⮕