"Novo Nordisk's Breakthrough Weight-Loss Pill Sends Stock Soaring, Surpasses Tesla's Market Cap"

1 min read
Source: Quartz
"Novo Nordisk's Breakthrough Weight-Loss Pill Sends Stock Soaring, Surpasses Tesla's Market Cap"
Photo: Quartz
TL;DR

Novo Nordisk's weight loss drugs Ozempic and Wegovy have been incredibly popular, with the company now teasing a new pill that could be twice as powerful as Wegovy. An early-stage trial found that an oral version of the drug amycretin led to users losing 13% of their body weight after 12 weeks of treatment, causing Novo Nordisk stock to surge to a record high. If successful, this new medication could lead to even faster weight loss and potentially make Novo Nordisk even more valuable than Tesla.

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