Novo Nordisk more than doubles sales target for obesity drugs on outlook for Wegovy

Mar. 03, 2022 3:15 PM ETNovo Nordisk A/S (NVO)By: Dulan Lokuwithana, SA News Editor2 Comments

New Nordisk

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  • Novo Nordisk (NVO) expects to generate over 25B Danish crowns ($3.72B) by 2025 from its obesity drug sales driven by the demand for the once-weekly GLP-1 receptor agonist Wegovy (semaglutide), Danish drugmaker said on Thursday at its capital markets day presentation.
  • That was more than double the 2025 forecast set by the company in 2019 based on its other obesity medication, Saxenda (liraglutide), which raked in 6B Danish crowns that year.
  • Saxenda and Wegovy generated sales worth 8.4B Danish crowns for the company in 2021. The initial demand for Wegovy led to supply constraints after its U.S. launch in June 2021.
  • In December, Novo (NVO) ADRs slipped after the company cited manufacturing issues to indicate that it will not be able to meet the U.S. demand for the therapy in H1 2022.

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