Is Novo Nordisk a Buy After Its New Obesity Candidate's Success in a Clinical Trial?
Shares of Novo Nordisk (NYSE: NVO) rose to a new all-time high on Thursday, March 7. The market was responding to encouraging results from a clinical trial with an experimental weight-management drug called amycretin.
Amycretin is an orally available treatment candidate, which could give it a big leg up if it eventually earns approval. Novo Nordisk's Wegovy and Eli Lilly's (NYSE: LLY) Zepbound are racking up billions in annual sales as weekly injectables.
Is Novo Nordisk a buy now? Let's look at the path ahead for amycretin to find out.
Source Fool.com