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Evening Standard
Evening Standard
Holly Williams

Novo Nordisk shares plunge on outlook warning as Mounjaro rival races ahead

Novo Nordisk Novo Eli Lilly Donald Trump Mike Doustdar United States
Weight loss drug maker Novo Nordisk forecast plunging sales in a surprise after-market announcement on Tuesday (PA) - (PA Wire)

Weight loss drug maker Novo Nordisk has seen shares slump after warning over a sales plunge amid price cuts while a bumper profit haul from its Mounjaro rival Eli Lilly left it trailing behind.

Novo Nordisk – which makes Wegovy and Ozempic – forecast plunging sales in a surprise after-market announcement on Tuesday, which saw the Danish drugmaker’s shares plummet by nearly a fifth on Wednesday.

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