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Ozempic maker’s new weight-loss drug works better, but not quite good enough for analysts - MarketWatch

1. NVO shares dropped 6.6% after CagriSema trial results disappointed. 2. CagriSema achieved a weight loss of 15.7%, below prior expectations. 3. Novo expects regulatory filing for CagriSema by Q1 2026. 4. NVO faces a price war with rival Eli Lilly on weight-loss drugs. 5. NVO stock has fallen 20.2% over the last three months.

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FAQ

Why Bearish?

The trial results fell short of initial projections, causing investor disappointment. Historical trends show that unmet expectations often lead to significant price drops.

How important is it?

The results of CagriSema are critical for future market positioning, influencing investor sentiment. Weight loss market changes directly affect NVO's valuation.

Why Short Term?

Immediate investor reactions to trial results suggest a short-term impact. Reactions in similar situations, like with previous drug disappointments, validate this assessment.

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