Stock Track | Novo Nordisk Plummets 8.17% Intraday as Hims & Hers Launches Cheaper Wegovy Copycat Pill

Stock Track
02/06

Novo Nordisk A/S (NVO) shares plummeted 8.17% during intraday trading on Thursday, as the market reacted to heightened competitive pressure in the lucrative weight-loss drug market.

The sharp decline followed an announcement by telehealth company Hims & Hers Health that it will begin offering compounded copies of Novo Nordisk's Wegovy pill at an introductory price of $49 per month. This represents a significant discount compared to Novo's branded Wegovy, which costs $149 to $299 per month, raising concerns about market share erosion and pricing power for the Danish pharmaceutical giant.

Novo Nordisk responded to the announcement by condemning the move as "illegal mass compounding" that poses risks to patient safety, and stated it would pursue legal and regulatory action against Hims & Hers. The competitive threat was further underscored by BMO Capital Markets lowering its price target on Novo Nordisk shares from $57 to $45, maintaining a Market Perform rating.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10