Novo Nordisk buoyed by significant new weight loss data
Cheerleaders for diabetes heavyweight Novo Nordisk (NOV: N) have been reassured by positive top-line data from a Phase II trial of its semaglutide plus cagrilintide candidate, Cagrisema.
Underscoring the significance of the data, shares in the company rose fully 4% in Copenhagen on Monday.
The firm has taken the lead in the treatment of obesity with its Wegovy (semaglutide), the first GLP-1 agonist approved for weight loss, and a candidate that has proven itself to be highly effective in clinical trials.
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