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Novo Nordisk Stock Hit a Record on Thursday. Here's Why.
NVONovo Nordisk(NVO) Investopedia·2024-01-04 19:25

Key TakeawaysNovo Nordisk said it inked research agreements with two American biotech firms to further develop metabolic-related treatments.The pharmaceutical company is already the market leader in weight-loss drugs through its GLP-1 products including Ozempic and Wegovy.Shares of NVO stock rose more than 4% on the news of the new deals.Shares of Novo Nordisk (NVO), the market leader in weight-loss drugs, jumped more than 4% Thursday after the company said it inked research agreements with two American bio ...