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 >
--Espey Keeps Quarterly Dividend at $0.25 a Share, Payable Dec. 27 to Holders of Record as of Dec. 20
--Espey Keeps Quarterly Dividend at $0.25 a Share, Payable Dec. 27 to Holders of Record as of Dec. 20
Dec 9, 2024
03:19 PM EST, 12/09/2024 (MT Newswires) -- Price: 29.13, Change: -0.74, Percent Change: -2.48 ...
Gorilla Technology Group Shares Are On The Rise Today: What's Going On?
Gorilla Technology Group Shares Are On The Rise Today: What's Going On?
Dec 9, 2024
Gorilla Technology Group Inc ( GRRR ). shares are on the rise Monday after the company announced some strategic advancements in the AI infrastructure space. What To Know: Gorilla Technology ( GRRR ) has partnered with Edgecore Networks to launch self-branded AI GPUs, using Intel's Gaudi architecture and Edgecore's 800G Ethernet switches. “With the launch of our self-branded AI GPUs,...
Congress could ban new drones from two Chinese manufacturers
Congress could ban new drones from two Chinese manufacturers
Dec 9, 2024
WASHINGTON, Dec 9 (Reuters) - China-based DJI and Autel Robotics could be banned from selling new drones in the United States market under an annual military bill set to be voted on later this week by the U.S. House of Representatives. The 1,800-page bill says a national security agency must determine within one year if drones from DJI or Autel...
UnitedHealth Group Shares Are On The Rise Today: What's Going On?
UnitedHealth Group Shares Are On The Rise Today: What's Going On?
Dec 9, 2024
UnitedHealth Group Inc. ( UNH )‘s stock is trading higher Monday following the detainment of a person of interest in the murder of Brian Thompson, the CEO of UnitedHealthcare. Here’s what you need to know. What To Know: Thompson was shot and killed in a premeditated attack outside a Manhattan hotel on Wednesday. The incident has drawn widespread attention and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved