Health Care Up as Novo Nordisk Files With FDA for Weight-Loss Pill - Health Care Roundup

Dow Jones

2025/05/03

Health-care companies rose amid hopes about obesity drug sales.

Novo Nordisk shares rose by more than 5% after the Danish weight-loss drug maker said the Food and Drug Administration accepted a new drug application for a pill form of its popular Wegovy injection.

Shares of rival Eli Lilly, which is also racing to get oral varieties of its weight-loss drug to market, rose in sympathy.

The SPDR Select Sector Health Care exchange-traded fund rose by more than 1% and is now back in the green for the year to date.

Health insurer Cigna Group swung to a profit and logged higher revenue in the first quarter, prompting the company to raise its full-year outlook.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 02, 2025 16:47 ET (20:47 GMT)

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