Novo Nordisk surges on stock market after US FDA approves Wegovy tablet

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Novo Nordisk surges on stock market after US FDA approves Wegovy tablet
Photo: Richard Drew/AP/TT

Danish Novo Nordisk is surging on the stock market after the company received permission to sell the diet pill Wegovy in tablet form. At the stock market opening, shares were up almost 6 percent.

On Tuesday night, the US Food and Drug Administration (FDA) announced that the company's best-seller Wegovy is now approved in tablet form on the US market.

Wegovy, which is a so-called GLP-1 drug, has already been sold in injection form. Unlike the injections, which are taken once a week, the tablets can be taken once a day.

The news gave a stock market boost to Novo Nordisk, which earlier in the year had headwinds due to cheaper variants of Wegovy popping up among competitors.

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

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