Copy-cats of weight-loss drugs Ozempic and Wegovy are hurting Novo Nordisk

Copy-cats of weight-loss drugs Ozempic and Wegovy are hurting Novo Nordisk

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For your information, you can find below the description of the video Copy-cats of weight-loss drugs Ozempic and Wegovy are hurting Novo Nordisk published by the Youtube channel Bloomberg Television:

Novo Nordisk’s weight loss drugs Ozempic and Wegovy transformed the firm into a global pharmaceutical giant.

But four years after Wegovy’s US launch, the Danish drugmaker’s market value has plummeted.
@sanne_wass explains why http://bloom.bg/4lWJtL8

Novo’s copycat problem wasn’t supposed to last this long. It began when the company was unable to meet customer demand for its weight-loss drugs in the US, clearing the way for compounding pharmacies to step in. These pharmacies are allowed to make and sell cheaper copies of a medicine when brand-name drugs are in short supply, and their products don’t go have to go through the same rigorous approval process.