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NOVO NORDISK A S (NVO)

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Research analysts who have asked questions during NOVO NORDISK A S earnings calls.

PV

Peter Verdult

Citigroup Inc.

7 questions for NVO

Also covers: AZN, EVO, GMAB +4 more
James Quigley

James Quigley

Goldman Sachs

6 questions for NVO

Also covers: EVO, NVS, SNY +1 more
Sachin Jain

Sachin Jain

Bank of America

6 questions for NVO

Also covers: AZN, GMAB, GSK +2 more
MN

Michael Nedelcovych

TD Cowen

5 questions for NVO

Also covers: BHC, CHRS, MOLN +4 more
RV

Richard Vosser

JPMorgan Chase & Co.

5 questions for NVO

Also covers: ARGX, AZN, MOLN +2 more
Harry Sephton

Harry Sephton

UBS

4 questions for NVO

Also covers: NVS
Martin Parkhoi

Martin Parkhoi

SEB

4 questions for NVO

Also covers: GNNDY
EP

Emmanuel Papadakis

Deutsche Bank

3 questions for NVO

Also covers: AZN, NVS, SNY
Jo Walton

Jo Walton

UBS

3 questions for NVO

Also covers: AZN, GSK, NVS +1 more
SB

Simon Baker

Redburn Atlantic

3 questions for NVO

Also covers: AUTL, AZN, BNTX +5 more
Callum Morris

Callum Morris

Berenberg

2 questions for NVO

CL

Carsten Lomberg Madsen

Danske Bank

2 questions for NVO

ES

Evan Seigerman

BMO Capital Markets

2 questions for NVO

Also covers: ABBV, AMGN, ARVN +15 more
FC

Florent Cespedes

Bernstein

2 questions for NVO

Also covers: NVS, SNY
Michael Leuchten

Michael Leuchten

Jefferies

2 questions for NVO

Also covers: AZN, GSK, NVS +1 more
RF

Richard Foster

JPMorgan Chase & Co.

2 questions for NVO

Also covers: NVS
Thibault Boutherin

Thibault Boutherin

Morgan Stanley

2 questions for NVO

Also covers: ALVO, EVO, GRFS +2 more
Yihan Li

Yihan Li

Barclays

2 questions for NVO

Also covers: NBTX
EF

Emily Field

Barclays

1 question for NVO

Also covers: AZN, GMAB, GSK +2 more
JC

James Creedy

Goldman Sachs Group Inc.

1 question for NVO

LH

Laura Hindley

Berenberg Bank

1 question for NVO

Michael Novod

Michael Novod

Nordea

1 question for NVO

Also covers: ZLDPF
PW

Peter Welford

Jefferies

1 question for NVO

Also covers: AZN, GSK, NVS +1 more
RK

Rajesh Kumar

HSBC

1 question for NVO

Also covers: AZN, BZLFY, LLY +2 more
RP

Richard Parkes

BNP Paribas Exane

1 question for NVO

Also covers: AZN, GSK, NVS

Recent press releases and 8-K filings for NVO.

Novo Nordisk's Wegovy® Pill Approved by US FDA
NVO
Product Launch
New Projects/Investments
  • The US Food and Drug Administration (FDA) has approved Novo Nordisk's Wegovy® pill (once-daily oral semaglutide 25 mg) for reducing excess body weight, maintaining weight reduction long term, and reducing the risk of major adverse cardiovascular events.
  • This approval establishes the Wegovy® pill as the first oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy approved for weight management.
  • In the OASIS 4 trial, the Wegovy® pill demonstrated a mean weight loss of 16.6%, which is similar to the injectable Wegovy® 2.4 mg.
  • Novo Nordisk expects to launch the Wegovy® pill in the US in early January 2026.
2 days ago
Novo Nordisk's Wegovy® Pill Approved by FDA for Weight Management
NVO
Product Launch
New Projects/Investments
  • The US Food and Drug Administration (FDA) has approved Novo Nordisk's Wegovy® pill (once-daily oral semaglutide 25 mg) for reducing excess body weight, maintaining weight reduction long-term, and reducing the risk of major adverse cardiovascular events.
  • This approval marks the first oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy for weight management, demonstrating a mean weight loss of 16.6% in the OASIS 4 trial.
  • Novo Nordisk expects to launch the Wegovy® pill in the US in early January 2026.
  • The company has also submitted oral semaglutide 25 mg for obesity to the European Medicines Agency (EMA) and other regulatory authorities during the second half of 2025.
3 days ago
Novo Nordisk Receives FDA Approval for Oral Wegovy
NVO
Product Launch
  • Novo Nordisk received FDA approval for an oral formulation of Wegovy, marking it the first GLP-1 pill cleared in the U.S. for obesity and related cardiovascular risk, with a planned launch in January.
  • The approval led to Novo Nordisk shares jumping approximately 8.3%.
  • In late-stage testing, the highest sold dose (25 mg) of the oral Wegovy produced roughly 14% average weight loss, and regulators also cleared the pill to reduce cardiovascular events.
  • This oral version is expected to broaden access due to its convenience and lack of cold storage requirements, with an initial cash price for the starting dose estimated at $149 per month.
  • Internationally, Wegovy also secured conditional approval in Canada for MASH and approval in China to reduce heart attack and stroke risk.
3 days ago
Novo Nordisk Receives FDA Approval for Oral Wegovy; Emcure Launches Semaglutide in India
NVO
Product Launch
New Projects/Investments
  • The U.S. FDA approved a 25 mg oral semaglutide pill (Wegovy) for chronic weight management, which led to Novo Nordisk's U.S. shares jumping about 8%.
  • Emcure Pharmaceuticals commercially launched Poviztra, a once-weekly Novo Nordisk semaglutide injection, in India, with competitive pricing starting around ₹8,790 per month for four weekly doses.
  • Semaglutide patent expiries are scheduled for March 2026, which is expected to invite lower-cost generics and increase pricing flexibility in the market.
3 days ago
Veru Inc. Reports Fiscal Year 2025 Financial Results and Advances Obesity Program
NVO
Earnings
New Projects/Investments
  • Veru Inc. reported a net loss of $22.7 million, or $1.55 per share, for fiscal year 2025, which ended September 30, 2025, representing a decrease from the prior fiscal year.
  • The company announced positive efficacy and safety results from its Phase 2b QUALITY study for enobosarm, demonstrating preservation of total lean mass and 58% more fat loss compared to the placebo group by the end of the 28-week study.
  • Veru received FDA regulatory clarity for enobosarm in combination with GLP-1 RA, confirming incremental weight loss as an acceptable primary endpoint and 3 mg as an acceptable dosage for future clinical development.
  • The company plans to initiate the Phase 2b PLATEAU clinical study in Q1 calendar year 2026, with interim analysis results anticipated in Q1 calendar year 2027.
  • Post fiscal year end, Veru completed a public offering, generating net proceeds of approximately $23.4 million.
Dec 17, 2025, 11:30 AM
Novo Nordisk Files for Higher-Dose Wegovy® Approval
NVO
Product Launch
New Projects/Investments
  • Novo Nordisk filed a supplemental New Drug Application with the FDA for approval of Wegovy® injection 7.2 mg, a higher dose intended to provide greater weight loss potential for adults with obesity.
  • In the 72-week STEP UP Phase 3 trial, patients taking semaglutide 7.2 mg achieved an average weight loss of 20.7%, compared to 17.5% with the currently approved 2.4 mg dose.
  • The submission will undergo an accelerated review process of 1-2 months under the FDA's Commissioner's National Priority Voucher pilot program.
Dec 16, 2025, 5:00 PM
Novo Nordisk's High-Dose Wegovy Receives Positive European Regulatory Opinion
NVO
Product Launch
New Projects/Investments
  • The European Medicines Agency's Committee for Medicinal Products for Human Use (EMA CHMP) has issued a positive opinion for Novo Nordisk's higher dose of Wegovy (semaglutide 7.2 mg), signaling a step closer to approval for use in the EU.
  • Clinical trials showed the new dose resulted in an average weight loss of 20.7% over 72 weeks in people with obesity who do not have diabetes, with one-third of participants achieving 25% or more weight loss.
  • This formulation primarily targets fat loss while maintaining muscle function and offers additional benefits, including reduced risks of cardiovascular events and relief from knee osteoarthritis pain.
  • Novo Nordisk is also pursuing regulatory reviews in the U.S., U.K., and other countries, with potential for expedited FDA review in the U.S. due to a Commissioner's National Priority Voucher, possibly leading to availability early next year.
Dec 12, 2025, 2:15 PM
Novo Nordisk's Oral Semaglutide Anticipated for Rapid Uptake in Obesity Market
NVO
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
  • Novo Nordisk's CEO has indicated the company is "all in" on the upcoming launch of oral semaglutide for weight loss, emphasizing robust supply readiness ahead of an anticipated year-end FDA decision.
  • Despite low top-of-mind awareness for its obesity indication (14% of primary care physicians and 11% of endocrinologists), physicians are highly familiar with oral semaglutide from its use in type 2 diabetes.
  • A significant majority of physicians, 88% of primary care physicians and 91% of endocrinologists, expect to prescribe oral semaglutide within the first six months of its launch for obesity.
  • Primary care physicians overwhelmingly prefer oral semaglutide (71%) over competing pipeline compounds, driven by familiarity with semaglutide and the appeal of an oral option.
Dec 9, 2025, 7:44 PM
Structure Therapeutics' Oral GLP-1 Aleniglipron Shows Significant Weight Loss in Mid-Stage Trials
NVO
New Projects/Investments
Product Launch
  • Structure Therapeutics' experimental oral GLP-1 small molecule, aleniglipron, achieved 11.3–12.1% average body-weight loss at 36 weeks with lower doses and 14.2–15.3% with higher titrated doses in mid-stage trials.
  • The trials reported high gastrointestinal side effects, including 65% nausea and 32% vomiting, leading to an 11% patient discontinuation rate due to adverse events.
  • Analysts consider aleniglipron a potential oral challenger to injectable market leaders like Novo Nordisk and Eli Lilly in the GLP-1 market, which is projected to be worth $150 billion annually by the early 2030s.
  • Structure Therapeutics plans to begin a late-stage (Phase 3) trial in mid-2026, with tolerability and real-world safety being critical for its commercial uptake.
Dec 8, 2025, 12:11 PM
Novo Nordisk Acquires Zaltenibart Rights from Omeros
NVO
M&A
New Projects/Investments
  • Novo Nordisk has entered into a licensing agreement with Omeros Corporation for the clinical-stage MASP-3 inhibitor, zaltenibart (formerly OMS906), gaining exclusive global rights for its development and commercialization.
  • The agreement includes an upfront payment of $240 million to Omeros and eligibility for up to $2.1 billion in total milestone payments and royalties.
  • Zaltenibart is a first-in-class humanized monoclonal antibody targeting MASP-3, which Novo Nordisk aims to position as a best-in-class treatment for rare blood and kidney disorders.
Dec 1, 2025, 1:41 PM

Quarterly earnings call transcripts for NOVO NORDISK A S.