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Novo Nordisk ( (NVO) ) has provided an update.
Novo Nordisk announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use has given a positive opinion on updating the Ozempic® label to reflect data from the FLOW kidney outcomes trial. This trial demonstrated that Ozempic®, a GLP-1 receptor agonist, significantly reduces the risk of progression in chronic kidney disease and cardiovascular mortality in patients with type 2 diabetes. The label expansion could enhance Novo Nordisk’s market positioning as it becomes the first treatment of its kind to show such benefits, potentially impacting stakeholders by addressing an unmet need in diabetes care related to kidney health.
More about Novo Nordisk
Novo Nordisk is a leading global healthcare company headquartered in Denmark, founded in 1923. The company is focused on the treatment of serious chronic diseases, notably diabetes, and is renowned for its pioneering scientific research and efforts to improve access to medicines. Novo Nordisk employs around 72,000 people across 80 countries and markets its products in approximately 170 countries worldwide. Its shares are listed on Nasdaq Copenhagen and its ADRs on the New York Stock Exchange.
YTD Price Performance: 8.81%
Average Trading Volume: 5,208,768
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $493.7B
For detailed information about NVO stock, go to TipRanks’ Stock Analysis page.