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Why Novo Nordisk Stock Is Sinking This Week | The Motley Fool
- Novo Nordisk reported third-quarter results that missed estimates, sending shares lower.
- Competition in GLP-1 obesity drugs intensified as Eli Lilly gains traction with Mounjaro and Zepbound.
- Lilly's GLP-1 drugs became the world's best-selling treatments, adding pressure on Novo Nordisk.
- Novo Nordisk lowered its full-year guidance due to slower GLP-1 growth.
- Pfizer joined a bidding war with Novo Nordisk over a biotech firm, adding deal-related risk.
- The broader obesity drug market is seen as a lucrative but highly competitive space.
- A deal with Walmart could influence patient access to obesity therapies in the U.S.
- Novo Nordisk's price-cut deal with Medicare and Medicaid is part of slower growth expectations.
- Analysts note the ant-obesity drug market remains a key growth driver for the sector.
- Investors monitor guidance revisions and competitive dynamics shaping Novo Nordisk's trajectory.
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