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Novo Nordisk A/S (NVO) Q2 2021 Earnings Call Transcript

A New Contender in the Fight to End Obesity

Late last Friday, the U.S. Food and Drug Administration approved a breakthrough weight-loss drug made by Danish company Novo Nordisk. As soon as later this month, the company plans to launch the drug, called Wegovy.

FDA approves new weight-loss drug

Wegovy – a semaglutide 2.4 mg injection administered once a week – is specifically for chronic weight management in overweight or obese adults with "at least one weight-related comorbidity," according to pharmaceutical company Novo Nordisk.

Weight loss drug Wegovy approved by FDA

The U.S. Food and Drug Administration (FDA) has approved Wegovy (semaglutide) injection (2.4 mg once weekly) as a chronic weight management treatment in obese or overweight adults with a weight-related condition (such as high blood pressure, type 2 diabetes, or high cholesterol), when used along with calorie restriction and physical activity. Wegovy, is a more potent version of Novo Nordisk's diabetes drug semaglutide.

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