Novo is betting on its next chapter as Eli Lilly gains more ground in GLP-1s
As Novo works to turn itself around, some analysts say Lilly has advantages that could help it maintain its position at the top of the obesity drug market.
Every headline mentioning Novo Nordisk from CNBC, Yahoo Finance and MarketWatch over the last 30 days, each scored for sentiment and importance. Updated automatically through the trading day.
As Novo works to turn itself around, some analysts say Lilly has advantages that could help it maintain its position at the top of the obesity drug market.
Shares in Swedish microcap stock Nanexa more than doubled after the drug-delivery group revealed a licensing deal with European pharma giant Novo Nordisk.
Novo CEO Mike Doustdar told CNBC that it is considering M&A opportunities as it faces growing competition in the weight-loss market.
The drugmaker, best known for developing weight-loss and diabetes drugs, failed to excite investors hoping for a turnaround.
Eli Lilly is trying to catch up in the GLP-1 pill market to Novo, which got a head start in the space.
The Danish drugmaker called the changes the beginning of a new chapter for the company, which faces stiff competition from Eli Lilly.
The Danish drug giant behind Ozempic is competing with Eli Lilly in the market for weight-loss drugs.