1130 GMT - Novo Nordisk's Wegovy weight-loss pill has launched, and Berenberg expects around $1 billion in sales this year. The Danish pharmaceutical company must maximize its head-start over competitor Eli Lilly and deliver a strong sales ramp up in 2026, Berenberg analysts Kerry Holford and Luisa Hector write. The bank's base case is Wegovy pill sales of $2 billion in 2027, but a blue-sky scenario could support sales of around $6 billion. Higher-than-anticipated Wegovy pill sales could offset the headwinds associated with U.S. price cuts and patent expiries in 2026, the bank adds. "We see upside to Wegovy pill consensus sales estimates." Berenberg raises its stock price target to 415 Danish kroner from 400 kroner and keeps its recommendation at buy. Shares rise 7% to 390.85 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 16, 2026 06:30 ET (11:30 GMT)
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