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Novo Nordisk's Wegovy shows positive results in child obesity trial, but market adoption faces hurdles; shares down 17% over past year
Novo Nordisk's (NYSE:NVO) Phase 3 STEP Young trial for its obesity drug semaglutide (Wegovy) showed positive results in children aged six to under twelve, with a meaningful share moving below the clinical obesity threshold. However, market adoption faces challenges including payer hurdles, ethical scrutiny, and a planned price reduction in 2027. NVO shares have fallen 17% over the past year, trading at $43.07.
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