Why Novo Nordisk Stock Is Jumping Today (Hint: It's Not Because of Ozempic or Wegovy)
Novo Nordisk(NVO) The Motley Fool·2024-03-07 16:49Shares of Novo Nordisk (NVO 10.41%) were jumping 9.6% higher as of 11:25 a.m. ET on Thursday. The big biopharmaceutical company is accustomed to enjoying major catalysts from news related to its type 2 diabetes drug Ozempic and weight-loss drug Wegovy. In this case, though, another product took center stage.Novo Nordisk hosted its Capital Markets Day on Thursday to update investors about its progress. During this event, the company reported results from a phase 1 study evaluating the experimental obesity dr ...