@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.
finance.yahoo.com
| Novo Nordisk A/S Q1 Earnings Call Highlights
@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.