Analysts raced to cut price targets on an already struggeling Novo Nordisk stock following disappointing trial results for its weight loss candidate CagriSema.

Novo Nordisk stock fell as much as 10% Monday after it said its next-generation weight loss drug didn't meet its primary target.

Seduta pesante per la multinazionale danese del farmaco Novo Nordisk dopo aver reso pubblici dati deludenti sulla sperimentazione della terapia antiobesità Cagrisema. (ANSA)

La acción cae hasta un 16% y se deja ya un 75% desde mediados de 2024. El grupo danés se queda por detrás de su rival estadounidense Eli Lilly

Novo Nordisk’s shares fall sharply after testing of CagriSema falls short of investors’ expectations

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

Lilly shares rose more than 4% Monday, while rival Novo Nordisk tanked.

Analysts raced to cut price targets on an already struggeling Novo Nordisk stock following disappointing trial results for its weight loss candidate CagriSema.

The Danish drugmaker released late-stage data showing that the upcoming injection CagriSema failed to match the weight loss of Eli Lilly’s Zepbound.

Despite being first to launch a GLP-1 drug for weight loss, Novo's market share has eroded, and the company now only captures about 40% of the market.