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Benzinga
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Ozempic Receives FDA Approval To Treat Kidney Disease

1. FDA approves Ozempic for chronic kidney disease, expanding its use. 2. Over 35.5 million Americans may benefit from this treatment. 3. Novo Nordisk aims to address cardiovascular-kidney-metabolic syndrome. 4. Ozempic's price negotiations under Medicare Part D start in 2025. 5. NVO shares fell 2.65% to $85.19 after the announcement.

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FAQ

Why Bullish?

The FDA approval enhances Ozempic's market potential, likely increasing NVO sales. Past approvals have positively influenced biotech stocks.

How important is it?

The expansion of Ozempic usage signifies a crucial development for NVO's growth potential.

Why Long Term?

The new indication for Ozempic could enhance sustained revenue. Similar long-term approvals have benefited companies significantly in the past.

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