Ozempic maker struggles as it loses ground to rivals in weight-loss market
NegativeFinancial Markets

Ozempic maker struggles as it loses ground to rivals in weight-loss market
Novo Nordisk, the maker of Ozempic and Wegovy, is facing challenges as it cuts its sales and profit forecasts due to increasing competition from Eli Lilly's Mounjaro in the weight-loss market. This shift is significant as it highlights the fierce rivalry in obesity and diabetes treatments, impacting Novo Nordisk's market position and investor confidence. With CEO Mike Doustdar at the helm since August, the company is under pressure to innovate and regain its competitive edge.
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