CPSE:NOVO BPharmaceuticals
Novo Nordisk (CPSE:NOVO B) Stock Grapples With Margin Squeeze Despite Wegovy Demand
Novo Nordisk heads into this earnings reaction as a stock that has cooled off in the short term, with the share price down about 13% over the past week and 8% over the past month, even as many investors still view it as a long term growth engine in weight loss and diabetes. The Q2 headline is simple: solid demand for obesity and diabetes drugs translated into DKK 78,488m of revenue, yet profit was squeezed, with gross margin falling to 78.2% and net income at DKK 20,989m.
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