Novo Nordisk stock slips again as Wegovy price cuts and CagriSema doubts weigh
Novo Nordisk shares fell 1.7% in Copenhagen after the company announced U.S. list-price cuts for Wegovy and Ozempic starting January 2027. Analysts flagged rising price pressure and doubts over Novo’s next obesity drug, CagriSema, which underperformed Eli Lilly’s rival in trials. Barclays slashed its peak sales forecast for CagriSema to $2 billion from $12 billion. Novo has lost about $475 billion in market value since June.