Novo Nordisk Boosts Hope With Wegovy Pill as Lilly Lawsuit Looms
Novo Nordisk investors have endured two years of profit warnings, leadership upheaval, and a falling share price while Eli Lilly pulled ahead. The picture is improving as Novo’s new Wegovy weight-loss pill holds its lead in injectable GLP-1 competition, with the obesity market projected to exceed $100 billion in the U.S. Shares are up about 35% since March, as Novo pursues a U.S. court case against Lilly over alleged misleading marketing.