CPSE:NOVO BPharmaceuticals
Is Novo Nordisk (CPSE:NOVO B) Cheap On New Childhood Obesity Trial Data?
Novo Nordisk (CPSE:NOVO B) is back in focus after releasing first results from its STEP Young phase 3 trial of once-weekly semaglutide in children aged 6 to under 12 with obesity.
Despite the clinical win, Novo Nordisk’s recent share price performance has been weak, with the stock down 6.8% over the past 30 days and 13.3% year to date on a share price return basis. Meanwhile, the 3 year total shareholder return has fallen 54.3%, suggesting sentiment has cooled even as new obesity data and...