Wegovy maker Novo’s profit warning wipes out $70B in market value after shares plunge 30%

Source: New York Post Business | Published: July 29, 2025, 7:09 pm | Read Original

Bearish -72.0

Wegovy maker Novo’s profit warning wipes out $70B in market value after shares plunge 30%

Novo, which became Europe's most valuable listed company following the launch of Wegovy in 2021, is now facing a reckoning as it looks to turn things around after the abrupt removal in May of CEO Lars Fruergaard Jorgensen.

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Wegovy maker Novo’s profit warning wipes out $70B in market value after shares plunge 30%

Novo, which became Europe's most valuable listed company following the launch of Wegovy in 2021, is now facing a reckoning as it looks to turn things around after the abrupt removal in May of CEO Lars Fruergaard Jorgensen.

New York Post Business • Jul 29, 2025 • Found on Glideslope.ai

Post hash: 65925510214356569633 • glideslope.ai/post/65925510214356569633

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Bearish • Score: -72.0

-100 (Bearish) +100 (Bullish)

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