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Novo Nordisk CFO Reflects on Growth Pressure After Phase 3 Trial Miss

Novo Nordisk logoNovo Nordisk
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CFO Karsten Munk Knudsen described Novo Nordisk’s “roller coaster” of very low growth and pressure, followed by hyper growth as it scaled manufacturing for surging demand, then a rapid slowdown that disappointed investors and pushed the share price down over the past two years. A cagrilintide–semaglutide phase 3 endpoint was missed in type 2 diabetes, amid a tough U.S. market-share fight with Eli Lilly.

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