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Novo Nordisk slashes Ozempic diabetes drug cost from 1,313.35 Danish krone to 873.35 Danish krone per package

Citi rates Novo Nordisk at buy, expecting its sales to grow by 27% in 2024, as price of GLP-1 drugs fall and clinical data support their use; Novo has 12 million patients on GLP-1 drugs, while addressable population for treatment approaches 1 billion

Amgen halts development of weight loss pill, shifts focus to its injectable drug MariTide and other obesity products; prepares for stage two trial of MariTide as diabetes treatment

Novo Nordisk's Q1 earnings beat expectations, with a 22% YoY increase in net sales to US$9.4B and a 28% YoY rise in net profit to US$3.65B; results driven by a surge in demand for its weight loss and diabetes drugs Ozempic and Wegovy

Eli Lilly's weight loss drug Mounjaro drives record Q1 earnings with worldwide revenue of US$1.81B; the results push the company to increase its full-year 2024 revenue guidance by US$2.0B

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