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Wegovy Woes: Novo Nordisk Faces Profit Slump Amid Fierce Competition

  • Novo Nordisk on Tuesday said sales and adjusted operating profit could decline up to 13% this year, citing heavy U.S. price pressure and competition.
  • Policy and market shifts — including MFN pricing — have lowered realised prices and patent losses for semaglutide, while Eli Lilly's tirzepatide and copycat drugs cut U.S. Wegovy market share.
  • Accounting adjustments reveal a 14% drop in operating profit to 31.7 billion crowns, impacted by a $4.2 billion rebate reversal, as of February 3, 2026.
  • Investors will tune into the Feb 4 conference call at 13.00 CEST, as Novo's U.S.-listed shares fell 12% after the earlier-than-expected earnings statement, according to CEO Mike Doustdar.
  • As GLP-1 volumes expand, the company expects adjusted sales growth and adjusted operating profit growth at CER to decline between-5% and-13%, betting on the Wegovy pill and CagriSema to regain U.S. share.
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Lean Left

The US actions of the Danish producer Novo Nordisk were delayed by 14% on Tuesday after a temporary suspension of the transaction, following the announcement that sales and profit will decrease this year due to the lowest prices in the US and the loss of its exclusiveity for its medicines seen in China, Brazil and Canada, according to the CNBC.

Lean Right

Novo and Lilly are locked in an increasingly fierce battle in the heated obesity drug market, with strong price pressure in the US under the Trump administration.

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Zero Hedge broke the news in United States on Tuesday, February 3, 2026.
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