financetom
Business
financetom
/
Business
/
Update: Novo Nordisk Under Probe by Spanish Health Ministry Over Advertising of Weigh-Loss Drug
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Novo Nordisk Under Probe by Spanish Health Ministry Over Advertising of Weigh-Loss Drug
Jun 26, 2025 1:59 AM

04:44 AM EDT, 06/26/2025 (MT Newswires) -- (Updates with response from Novo Nordisk ( NVO ) in the fifth and sixth paragraphs and latest share price movement the seventh paragraph.)

Novo Nordisk ( NVO ) is under investigation by Spain's ministry of health over its website communications on its weight-loss drug, it emerged Wednesday.

The Spanish government body said the communications on the website "could be considered as covert advertising of prescription drugs, which is prohibited by current legislation," according to a translation of a June 19 statement.

The ministry said it has sent Novo Nordisk ( NVO ) a request for clarification.

"Although no pharmacological treatment is explicitly mentioned, the ministry considers that all the content could constitute a form of indirect advertising of medicines subject to medical prescription," the ministry said.

Novo Nordisk ( NVO ) said in an e-mail to MT Newswires that its "Obesidad Sin Filtros" campaign is an awareness initiative developed with Spanish medical societies and patient organizations.

"We have always collaborated with the National Health System and will continue to do so," the company said. "We are in a good active dialogue with the authorities and immediately responded to their questions. We have shared all documentation required by the Ministry of Health that demonstrates our commitment to comply with the regulations on health information and advertising."

Shares of the company fell 4.8% Wednesday, but were up slightly in recent premarket activity Thursday.

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 >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Lone Star to sell Portugal's Novo Banco to French BPCE, report says
Lone Star to sell Portugal's Novo Banco to French BPCE, report says
Jun 12, 2025
LISBON (Reuters) -U.S. private equity fund Lone Star has decided to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that would value Portugal's fourth-largest lender at around 7 billion euros ($8.14 billion), Portuguese economic news outlet ECO said on Thursday. ECO said the decision has been taken and should be communicated to the...
Uber Technologies, Dick's Sporting Goods Partner for On-Demand Delivery Through Uber Eats App
Uber Technologies, Dick's Sporting Goods Partner for On-Demand Delivery Through Uber Eats App
Jun 12, 2025
09:00 AM EDT, 06/12/2025 (MT Newswires) -- Uber Technologies ( UBER ) and Dick's Sporting Goods (DKS) said Thursday they have partnered to offer on-demand delivery of various items, including sporting goods and athletic apparel, through the Uber Eats app. Customers in the US can now order items from more than 800 Dick's Sporting Goods and Golf Galaxy stores using...
Imax Adds $100 Million to Share Buyback Plan, Extends Program to 2027
Imax Adds $100 Million to Share Buyback Plan, Extends Program to 2027
Jun 12, 2025
09:02 AM EDT, 06/12/2025 (MT Newswires) -- Imax ( IMAX ) said Thursday that it has added $100 million to its share buyback plan and extended the program by one year to June 30, 2027. The company said the increase brings the total repurchase authorization to $500 million, with about $250 million still available. Imax ( IMAX ) said that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved