Novo Boosts Wegovy Shipments as Lilly Rivalry Pressures Prices
Novo Boosts Wegovy Shipments as Lilly Rivalry Pressures Prices
- Shares decline as price pressure hold back Wegovy sales
- Supply constraints are key challenge amid Lilly competition
Novo Nordisk A/S is shipping more introductory doses of its blockbuster weight-loss drug Wegovy in the US as it grapples with supply constraints and competition from Eli Lilly & Co.
Wegovy sales more than doubled to 9.38 billion kroner ($1.35 billion) in the first quarter, but the number fell short of analysts’ …