Long-term Wegovy heart data boost Novo Nordisk stock

8 August 2023

Shares in Danish diabetes giant Novo Nordisk (NOV: N) have risen sharply after positive top-line data were announced from the SELECT cardiovascular outcomes trial.

The study compares treatment with 2.4mg of injectable semaglutide with placebo, as an adjunct to standard of care for prevention of major adverse cardiovascular events (MACE).

Approved in the USA for the treatment of obesity, where it is marketed as Wegovy, the GLP-1 agonist appears to offer a range of benefits connected with its role as a weight loss drug.

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