• (PLX AI) – Novo Nordisk is likely to see strong sales of its new obesity drug, Wegovy, that should offset losses of insulin revenue in China next year, analysts at Nordea said.
  • • Novo price target raised to DKK 680 from DKK 650 at Nordea, with buy reiterated
  • • Volume-based procurement covering insulin in China may dent Novo's sales there by DKK 3.5 billion, Nordea estimates
  • • But this will be offset by Wegovy sales, which may eventually end up peaking at $10.5 billion, the analysts said
  • • Novo can deliver double-digit top-line growth in the next 2 years: Nordea

Quelle: PLX AI