Novo Nordisk Stock Surges 5.4% as Wegovy Weight-Loss Pill Launches in U.S.
Novo Nordisk shares jumped 5.4% to $55.21 on heavy trading volume after launching Wegovy, the first oral GLP-1 medication for weight loss in the U.S. The pill, priced from $149/month, is available through CVS, Costco, and telehealth partners—potentially disrupting the obesity treatment market.
Competitor Eli Lilly fell 3.6% in after-hours trading as analysts remain divided on Novo Nordisk, maintaining a consensus 'Hold' rating with a $53.33 average price target.