Obesity Sales Rise 22% — Has Novo Found Its Floor?
Novo Nordisk rose 4.95% Wednesday after stabilizing growth and raising its outlook. Q3 sales were DKK 79.2B, up 4% at constant currencies; obesity-drug sales climbed 22% and adjusted operating profit 27%. Full-year sales and profit-growth guidance improved to -2% to +2%. Bulls cite Wegovy and Ozempic demand; bears flag U.S. pricing, Eli Lilly competition, and high comparisons. What best confirms Novo has exited its growth trough: prescriptions, net price, or capacity utilization?