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The Guardian - UK

Business

Julia Kollewe

Novo Nordisk shares climb after positive anti-obesity pill results

Novo Nordisk Eli Lilly Obesity Weight Loss United States FDA

Novo Nordisk head office — Novo Nordisk, based in Copenhagen, Denmark, is racing to trump its US rival Eli Lilly. Photograph: Tom Little/Reuters

The value of the drugmaker Novo Nordisk jumped by about £9bn on Thursday after research showed that taking its new anti-obesity pill can result in almost as much weight loss as its Wegovy jab.

The Danish company is racing against its US rival Eli Lilly to get a tablet treatment to market. Shares in Novo Nordisk climbed by more than 6% on hopes that it can claw back market share lost to Eli Lilly and cheaper generic versions of GLP-1 drugs.

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