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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Novo Nordisk cuts sales and profits guidance amid obesity drug competition

Novo Nordisk Obesity Mike Doustdar
Wegovy maker Novo Nordisk cut sales and profit guidance (James Manning/PA) - (PA Wire)

The drugmaker behind Ozempic and Wegovy has cut its sales and profit targets in the face of intense competition from other weight-loss and diabetes treatments.

Novo Nordisk warned over weaker-than-expected profits amid the recent growth of US rival Eli Lilly’s Mounjaro and Zepbound injection treatments.

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