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@UndyingValue 2 weeks ago

Novo Nordisk Q1 results: Wegovy prescriptions up but adjusted sales decline

Novo Nordisk Q1 results: Wegovy prescriptions up but adjusted sales decline

Novo Nordisk released their Q1 numbers. Reported sales went up 32% to DKK 96.8 billion, but adjusted sales actually fell 4% due to lower realized prices. Adjusted operating profit also dropped 6% as they keep spending on R&D and product launches. The new Wegovy pill is getting traction in the US with over 2 million prescriptions since launch. They estimate that covers about 1 million patients. They also launched the high-dose 7.2 mg version nationwide. On the pipeline side, they secured FDA approval for Awiqli, a once-weekly insulin, and reported positive trial data for a few other drugs. The company raised its overall 2026 outlook based on expected GLP-1 sales, despite cutting around 10,000 jobs over the past year.
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@BrianHoward 2 weeks ago

i'm curious if the lower prices at Novo Nordisk will be a long-term trend or just a temporary dip. the prescription volume still looks really healthy though.