Novo Nordisk Shares Tumble as Long-Term Revenue Targets Disappoint

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Source: Dukascopy Bank SA
Shares in Novo Nordisk plunged nearly 8% to close at 260 Danish kroner on Monday, hitting their lowest level since April after the Danish drugmaker's capital markets day presentation failed to reassure investors over its mid-term growth outlook. Despite showcasing positive Phase 3 trial data for its next-generation obesity and diabetes treatment Cagrisema, which achieved greater weight loss than Eli Lilly's Zepbound, investors reacted negatively to conservative 2030 operating margin guidance and a lack of granular turnaround plans as the company faces impending patent expiries for Ozempic and Wegovy.



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