By Elsa Ohlen
Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as CEO of the Danish maker of GLP-1 drugs Ozempic and Wegovy.
It was a "mutual agreement," Novo said in a statement Friday. The search for Fruergaard Jørgensen's successor is ongoing, the company added.
Novo Nordisk stock was up about 1.8% in Denmark. Its American depositary receipts were down 2.8% to $64.20.
This is breaking news. Check back for more analysis soon.
Write to Elsa Ohlen at elsa.ohlen@barrons.com
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(END) Dow Jones Newswires
May 16, 2025 07:18 ET (11:18 GMT)
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