Novo Nordisk stock sinks by 17% after bleak 2026 forecast
Novo Nordisk stock sinks by 17% after bleak 2026 forecast
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Novo Nordisk's shares dropped 17% after the company warned of declining sales and profits in 2026, following a pre-release of its outlook. The company is facing pressure from competition and has reduced prices for its GLP-1 drugs. Despite a challenging year in 2025, there are signs of demand for a new oral version of Wegovy. Leadership changes are also occurring, with David Moore leaving and Jamie Miller taking over.
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