Wegovy-maker Novo Nordisk extends curb on supply of weight-loss drug, raises outlook

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Wegovy-maker Novo Nordisk extends curb on supply of weight-loss drug, raises outlook
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The Danish drugmaker confirmed that it will continue to restrict the lower-dose strengths of Wegovy as it strives to keep up with demand.

Novo Nordisk, which makes blockbuster drug Wegovy, raised its outlook for 2023 Thursday but said it is extending supply restrictions for some doses of the weight-loss drug.

"[T]he supply of the lower dose strengths in the US will remain restricted to safeguard continuity of care," the company said., which makes blockbuster drug Wegovy, raised its outlook for 2023 Thursday but said it is extending supply restrictions for some doses of the weight-loss drug. The Danish pharmaceutical company reported a 30% increase in sales, at constant exchange rates, for the first half of this year to 107.7 million Danish kroner . Net profit increased 43%, coming in at 39.2 million kroner.

The company's diabetes and obesity division performed particularly well, bolstered by interest in its blockbuster injection Wegovy. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"The [sales] growth is driven by increasing demand for our GLP-1-based diabetes and obesity treatments, and we are serving more patients than ever before," Lars Fruergaard Jørgensen, president and CEO, said in a statement."The performance in the first six months has enabled us to raise the outlook for the full year.

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