Much has been made of the sudden rise in sales of Wegovy (semaglutide) and the weight loss drug’s impact in driving rapid growth at Novo Nordisk (NOV: N).
But Ozempic - another usage of semaglutide, this time for treating type 2 diabetes and preventing major cardiovascular problems and with a lower maximum dose - is also forecast to deliver the Danish company a healthy sales boost.
Ozempic is predicted to demonstrate a growth of 23% in its sales to $12.5 billion in 2023, consolidating its position as the dominant market leader, as projected sales will be 54% greater than closest competitor Trulicity (dulaglutide) by Eli Lilly (NYSE: LLY), which anticipates sales of $8 billion, says GlobalData, the data and analytics company.
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