Wegovy Maker Novo Nordisk’s Profit Surges on Weight-Loss-Drug Demand
Headline from Wall Street Journal
Novo Nordisk reported soaring profit, boosted by blockbuster weight-loss drugs that have quickly made the Danish drugmaker Europe’s most valuable company.
Wall Street Journal's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
On Thursday, Novo Nordisk, the company behind Ozempic and Wegovy, reported a 29% increase in sales to $8.4 billion for the third quarter. Eli Lilly, which makes diabetes drug Mounjaro, reported a 37% revenue increase to $9.5 billion in the third quarter.
Novo Nordisk reported soaring profit, boosted by blockbuster weight-loss drugs that have quickly made the Danish drugmaker Europe’s most valuable company.