financetom
Business
financetom
/
Business
/
US FDA says two more doses of Novo Nordisk's weight-loss drug now available
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US FDA says two more doses of Novo Nordisk's weight-loss drug now available
Aug 6, 2024 7:56 PM

Aug 6 (Reuters) - Two more doses of Novo Nordisk's

weight-loss drug, Wegovy, is now available, the U.S.

Food and Drug Administration's updated shortages list showed on

Tuesday.

Several doses of Novo's GLP-1 therapies such as diabetes

drug Ozempic and Wegovy, both chemically known as semaglutide,

have been on the U.S. health regulator's shortage list since

early 2022.

According to the FDA's website, Wegovy's smallest dose of

0.25 milligram (mg) is listed under limited availability, while

all other doses are listed as available. All doses of Ozempic

are available in the United States.

Novo Nordisk said late Tuesday that four of the five dose

strengths of WeGovy are now available in the United States, but

the company will continue to manage shipments of the drug's

initial dose of 0.25 milligram (mg).

Surging demand for therapies such as Wegovy and Ozempic has

led the Danish drugmaker to ramp up supply. Eli Lilly ( LLY ),

which makes rival drugs Mounjaro and Zepbound, has invested

billions of dollars in boosting their production of these drugs.

Last week, all doses of Lilly's weight-loss drug Zepbound

and diabetes drug Mounjaro were listed as available on the drug

shortages list.

Originally developed for diabetes, GLP-1 therapies have

shown to reduce weight by up to 20% in trials. Some analysts

estimate that the market for these therapies could hit $150

billion in revenue by the early 2030s.

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 >
What's Going On With Rivian (RIVN) Stock?
What's Going On With Rivian (RIVN) Stock?
May 26, 2025
Rivian Automotive Inc ( RIVN ) shares are trading higher and trending Thursday. Here's what investors are watching with Rivian this week. What To Know: The electric vehicle maker posted better-than-expected first-quarter results on May 6, reporting revenue of $1.24 billion (up 3% year-over-year) and a narrower-than-expected loss of 48 cents per share. Gross profit came in at $206 million—its...
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,...
Galaxy Digital Holdings Notes Lynq Appointed Jerald David As CEO; Galaxy Is Part of the Lynq Consortium
Galaxy Digital Holdings Notes Lynq Appointed Jerald David As CEO; Galaxy Is Part of the Lynq Consortium
May 26, 2025
03:40 PM EDT, 05/15/2025 (MT Newswires) -- Galaxy Digital Holdings ( BRPHF ) on Thursday noted that Lynq, the real-time, yield-bearing settlement network for digital assets, announced the appointment of Jerald David as its Chief Executive Officer. David previously served as President of Arca Labs since 2019, while Lynq, announced in April 2025, was developed through a collaboration between Arca...
Hovnanian Enterprises Unit Signs MoU With Saudi Arabia-based NHC
Hovnanian Enterprises Unit Signs MoU With Saudi Arabia-based NHC
May 26, 2025
03:40 PM EDT, 05/15/2025 (MT Newswires) -- Hovnanian Enterprises ( HOV ) said Thursday its unit K. Hovnanian ME Investments signed a memorandum of understanding with NHC, a Saudi Arabia-based property developer. The MoU was executed on May 13 at the Saudi-US Investment Forum, the company said. The agreement bolsters the relationship between the companies and will prioritize opportunities within...
Copyright 2023-2026 - www.financetom.com All Rights Reserved