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Novo Nordisk A/S Sued for Securities Law Violations - Contact The Gross Law Firm Before March 25, 2025 to Discuss Your Rights - NVO

1. Notice issued targeting NVO shareholders for potential class action lawsuit. Legal counsel urges prompt registration. 2. REDEFINE 1 trial underperformed with 22.7% weight loss versus 25% goal. Trial modifications affected maximum dosing. 3. Press release led to a $18.44 per share drop, closing at $85.00. Market reaction reflects investor dismay. 4. Class period spans from November 2, 2022 to December 19, 2024. Lead plaintiff registration deadline is March 25, 2025.

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FAQ

Why Bearish?

The announcement of a class action lawsuit after subpar clinical trial results raises legal and reputational risks. Similar cases in the pharmaceutical sector have led to prolonged litigation and sustained share price declines.

How important is it?

The lawsuit’s basis on disappointing trial outcomes and subsequent stock drop underlines significant risks. Investors may experience extended uncertainty and potential financial setbacks.

Why Long Term?

Legal proceedings and unresolved trial performance issues can affect investor confidence and incur long-term financial liabilities. Protracted litigation in pharma has historically pressured stock valuations over extended periods.

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, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Novo Nordisk A/S (NYSE: NVO). Shareholders who purchased shares of NVO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/novo-nordisk-a-s-loss-submission-form/?id=130530&from=4 CLASS PERIOD: November 2, 2022 to December 19, 2024 ALLEGATIONS: According to the complaint, on December 20, 2024, Novo issued a press release announcing the below-expected results of their "REDEFINE 1" trial, "a 68-week efficacy and safety trial investigating subcutaneous CagriSema." The trial showed that patients treated with CagriSema exhibited weight loss of 22.7% after 68 weeks, well short of Novo's targeted expectation of at least 25% weight loss. The press release further indicated that participant patients were permitted to modify their own dosage during the trial and, as a result, only 57.3% of patients treated with CagriSema were on the highest dosage contemplated by the study.  Following this news, Novo's stock price fell by $18.44 per share to close at $85.00 per share. DEADLINE: March 25, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/novo-nordisk-a-s-loss-submission-form/?id=130530&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of NVO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 25, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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