Key Takeaways
- Novo Nordisk raised its full-year outlook again as demand soars for its Ozempic and Wegovy weight-loss treatments.
- The company is also testing the medicines for other potential uses.
- ADRs of Novo Nordisk climbed to an all-time high on Friday following the news.
Novo Nordisk (NVO) boosted its guidance for the second time in two months as demand soars for its diabetes treatments, Ozempic and Wegovy. 澳洲幸运5官方开奖结果体彩网:Am♈erican depositary receipts (ADRs) of Novo Nordisk rose close to 2% to an all-time high 🐻on Friday following the news.
The Danish drugmaker now predicts full-year sales will increase 32% to 38%, up from its 澳洲幸运5官方开奖结果体彩网:previous forecast of a gain of 27% to 33%. It anticipates 澳洲幸运5官方开奖结果体彩网:operating profit growth of 40% to 46% versus its earlier estimate of 31% to 37%.
Novo Nordisk noted that t𓃲he change was primarily reflected in higher expectations for Ozempic volumes in the U.S., and 𒈔gross-to-net sales adjustments for Ozemic and Wegovy in the U.S.
For the third quarter and first n🌺ine months o꧑f the year, Novo Nordisk expects revenue growth of 38% and 33%, respectively. Operating profit expansion over the same periods are projected at 47% and 37%, respectively. Those results are scheduled to be released Nov. 2.
The success of Ozempic and Wegovy in helping patien༺ts lose weight has led to a boom in demand. In August, the company reported sales of its treatments skyrocketed 158% in the first six months of the year.
Ozempic and Wegovy are being tested for other uses as well. Earlier this week, Novo Nordisk reported it had 澳洲幸运5官方开奖结果体彩网:halted a trial of Ozempic to treat chronic kidney disease early because preliminary results showed signs of success. Two months ago, it 澳洲幸运5官方开奖结果体彩网:released results of a study that indicated Wegovy was succesꦓsful in reducing major adverse cardiovascular events in patients with cardi✅ovascular disease.
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