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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Novo Nordisk shares slide after Ozempic pill fails in Alzheimer’s trials

Novo Nordisk’s drug Ozempic
Novo Nordisk has lost more than half its value this year amid concerns that it cannot win back its early lead in the market with Ozempic. Photograph: Joel Saget/AFP/Getty Images

Novo Nordisk shares slumped on Monday after the drugmaker said the pill version of its weight-loss drug Ozempic had failed to slow the progression of Alzheimer’s disease in two large studies.

The Danish company said patients who took the drug did not see their disease progress more slowly, dashing hopes for a new use for the blockbuster diabetes drug.

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