Ozempic prospects to further power Novo Nordisk growth
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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