Novo Nordisk shares slump after drug failure in Alzheimer’s trial
Outcome is blow to one of Europe’s largest listed companies
Outcome is blow to one of Europe’s largest listed companies

Share slide wipes more than €60bn off value of Danish maker of Ozempic and Wegovy

Danish drugmaker expects sales and profit growth at lower end of its guidance this year

Once-a-week injection achieved less weight loss than rival treatment

Danish group loses share in diabetes drugs to rivals, with first-half sales growth easing to 8%

Results are due soon from two studies using semaglutide to treat thousands of people with the disease

Amycretin also improved participants’ blood sugar levels in positive sign for Danish company’s treatment pipeline