ARTICLE | Product Development
CVOT data for Novo’s Wegovy set bar for health benefit in obesity
Big market cap gains for Novo, Lilly as GLP-1 cuts CV risk by 20%
August 8, 2023 9:10 PM UTC
New cardiovascular outcomes data for Novo’s Wegovy likely sets a bar that other mechanisms for treating obesity will have to meet or clear to compete with the GLP-1 class.
The 20% reduction in the risk of major adverse cardiovascular events seen in the Phase III SELECT trial exceeded expectations of Novo Nordisk A/S (CSE:NOVO B; NYSE:NVO), lifting its shares by 17% and creating value among biopharmas developing other therapies in Wegovy semaglutide’s class. ...
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