financetom
Business
financetom
/
Business
/
Novo Nordisk Defends Obesity Treatment CagriSema, Outlines Next Steps
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novo Nordisk Defends Obesity Treatment CagriSema, Outlines Next Steps
Feb 5, 2025 8:28 AM

10:59 AM EST, 02/05/2025 (MT Newswires) -- Novo Nordisk ( NVO ) on Wednesday defended its experimental obesity therapy, CagriSema, following phase 3 trial data published in December that disappointed investors.

The data showed at the time that CagriSema met the trial's primary endpoint, demonstrating superior weight loss compared with a placebo, but the results fell short of expectations.

The company remains confident in CagriSema's "potent biology" and looks forward to further exploring its potential, Chief Executive Lars Fruergaard Jorgensen said on an earnings conference call Wednesday, according to a FactSet transcript.

"Previous trials and our modeling indicated that CagriSema could provide a potential weight loss of approximately 25%," Martin Holst Lange, executive vice president and head of development, said on the call. "While the 25% weight loss was not observed in REDEFINE 1, we are encouraged by the weight loss profile of CagriSema, which stands out as one of the most substantial weight reductions observed in a clinical phase 3a trial," he said.

Novo Nordisk ( NVO ) expects results of a REDEFINE 2 trial in Q1, Lange said. The company will begin the REDEFINE 11 trial in H1 and now expects to submit CagriSema for regulatory approval in Q1 2026.

Price: 86.79, Change: +4.16, Percent Change: +5.04

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Military Metals to Acquire Two Antimony and One Tin Property in the European Union
Military Metals to Acquire Two Antimony and One Tin Property in the European Union
Oct 7, 2024
01:08 PM EDT, 10/07/2024 (MT Newswires) -- Military Metals ( MILIF ) said Monday it signed a binding Letter of Intent (LOI) to acquire a private company holding three brownfield projects in Slovakia, including two antimony-focused properties and one tin project. The assets include the Trojarova Antimony Project and the Medvedi Tin Project, both containing historical resources dating back to...
Fortuna Mining, down 9.2%, Says Yaramoto Mine Permits Not at Threat From Burkina Faso
Fortuna Mining, down 9.2%, Says Yaramoto Mine Permits Not at Threat From Burkina Faso
Oct 7, 2024
01:05 PM EDT, 10/07/2024 (MT Newswires) -- Fortuna Mining ( FSM ) was last seen down 9.3% even as as the company said it received confirmation from Burkina Faso there are no plans to withdraw permits from its Yaramoko goldmine in the African country following weekend comments from its president. President Ibrahim Traore on Oct.5 said some permits for existing...
US antitrust case against Amazon to move forward
US antitrust case against Amazon to move forward
Oct 7, 2024
(Reuters) - The U.S. Federal Trade Commission's case accusing Amazon ( AMZN ) of stifling competition in online retail will move forward, though some of the states that sued alongside the agency had their claims dismissed, court documents showed. U.S. District Judge John Chun in Seattle unsealed his ruling from Sept. 30, which dismissed some of the claims brought by...
US antitrust case against Amazon to move forward
US antitrust case against Amazon to move forward
Oct 7, 2024
Oct 7 (Reuters) - The U.S. Federal Trade Commission's case accusing Amazon ( AMZN ) of stifling competition in online retail will move forward, though some of the states that sued alongside the agency had their claims dismissed, court documents showed. U.S. District Judge John Chun in Seattle unsealed his ruling from Sept. 30, which dismissed some of the claims...
Copyright 2023-2026 - www.financetom.com All Rights Reserved