CPSE:NOVO BPharmaceuticals
Novo Nordisk Weighs UBT251 Obesity Data Against Weak Share Momentum
Novo Nordisk (CPSE:NOVO B) released phase 2 data for its triple agonist obesity drug UBT251, targeting GLP-1, GIP and glucagon receptors.
The trial reported significant weight loss in participants, adding a new contender to the GLP-1 class of obesity treatments.
This update arrives as competition in obesity drugs intensifies, with Eli Lilly, Structure Therapeutics and others pursuing rival therapies.
Novo Nordisk, trading at DKK241.5, is coming off a weak share price stretch, with the...