Novo Nordisk falls sharply on the stock market after gloomy forecast

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Novo Nordisk falls sharply on the stock market after gloomy forecast
Photo: Richard Drew/AP/TT

The Danish pharmaceutical company Novo Nordisk is falling sharply in US trading after Tuesday's quarterly report that forecast lower sales and operating profit in 2026.

Novo Nordisk's quarterly report, published on Tuesday evening after the Copenhagen stock exchange closed, shows that the company's sales and operating profit increased by 10 and 6 percent, respectively, in 2025, according to a press release.

The outlook for 2026, however, looks bleaker, with negative growth of 5 to 13 percent for both sales and operating profit, partly due to increased competition and the patent for the weight-loss drug semaglutide expiring in certain markets.

The stock is plummeting on the New York Stock Exchange, where it is also traded. By 6:30 p.m. Swedish time, the stock had fallen more than 14 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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