Maker of weight-loss drug Wegovy is now Europe's most valuable firm
File photo.
Novo Nordisk, the maker of the weight-loss drug Wegovy, has become the most valuable firm in Europe, dethroning French luxury conglomerate LVMH. According to a report by BBC on Tuesday (September 5), Novo Nordisk's shares rose after it launched Wegovy in the United Kingdom (UK). The report said that at the close of trading on Monday, Novo Nordisk had a stock market valuation of $428 billion.
The report further said that the drug was available in the UK's public healthcare system and also on the private market.
What is Wegovy?
Wegovy is an injectable prescription medicine that may help adults and children aged ≥12 years with obesity. As per Novo Nordisk's website, Wegovy is prescribed for adults with excess weight who also have weight-related medical problems to help them lose weight and keep it off.
Novo Nordisk says that the drug should be used with a reduced-calorie meal plan and increased physical activity. BBC reported some famous personalities, including business magnate Elon Musk use Wegovy.
&im=FitAndFill=(700,400))
Remembering Bharathiraja: 5 iconic films directed by the Tamil cinema legend
&im=FitAndFill=(700,400))
Do dark-coloured cars burn more fuel for AC in summer?
)
US 'completes' latest strikes in Iran after Trump claims Tehran asked him to stop bombing
)
Indian-origin Canadian police officer Tarun Bali killed in line of duty, teen charged with murder
)
Peddi Row: Leaked chats and make-up artist reveal Janhvi Kapoor objected to oversexualized shots, but was ignored
)
Taiwan-India ink academia-industry partnership on semiconductor-linked research
)
Trump says US going to hit Iran ‘very hard again today,’ reiterates he wants a deal
&im=FitAndFill=(700,400))
Beyond Strait of Hormuz: How the Oman-Gujarat deep-sea pipeline could transform India's energy imports
)
Why Nepal joins Japan in banning Indian Mango imports & how it could impact exporters
)
Israeli media claims $3 bn in Iranian assets transferred to Tehran amid ceasefire efforts
&im=FitAndFill=(700,400))
Portugal’s probable XI for FIFA World Cup 2026
)
Canada envoy Cooter says ties with India at ‘best moment ever’; energy, defence cooperation to accelerate
)
Tamil Nadu CM Vijay pays final respects to legendary filmmaker Bharathiraja
)
'Sign of desperation': Iran's President responds to Trump's 'very hard' strike threat
)
India summons US diplomat over strike on tanker off Oman; three Indian crew missing
)
Salman Khan's old warning to Pranit More resurfaces amid comedian's latest controversy | Watch
)
World Braces for 'super El Nino' | Warming Pacific Signals Major Climate Shift
)
England vs New Zealand, 2nd Test: Joe Root returns as skipper after Ben Stokes omitted
)
FIFA World Cup 2026: Will Neymar play in Brazil's opening match against Morocco? Here's what we know
&im=FitAndFill=(700,400))
Apache helicopter cost vs power: Is it worth millions per unit?
)
'Abduct Lebanese women, arrest children': Israeli minister's 'out-of-the-box' proposal to defeat Hezbollah sparks outrage
)
Trump tariff blowback: US refunds $22 billion in customs duties
)
Trump claims US is taking Iranian oil; his Energy Secretary doesn't know about it
)
Old praise, new problems: Cockroach Janta Party spokesperson Saurav Das's 9-year-old tweet faces scrutiny
)
Iran hits American bases in Bahrain, Kuwait; declares Hormuz fully closed in retaliation for fresh US strikes
&im=FitAndFill=(700,400))
Pride Month special: Bollywood queer characters who deserve their own spin-off
)
Why is Pranit More being called out for his latest show? Know all about the 'Rs 370 ki biryani' controversy
)
Russia proposes two-seater Su-57E variant and weapons integration to India
)
Bear on the loose in Japanese city forces closure of nearly 100 schools
)
Trump says he may ‘keep going’ with strikes against Iran, target power plants and bridges
)
China begins building $11.4 billion ‘world’s largest’ inland ship locks at Three Gorges Dam
)
Sweden’s Saab in ‘continuous’ talks with India for Gripen E fighter jets
)
Iran War: India Summons US Envoy Over Vessel Attack
)
Trump, other world leaders congratulate PM Modi on completing 12 years in office
)
India withholds final clearances for Elon Musk’s Starlink over West Asia war use: Report
)
Trump’s ‘Naruto’ video sparks backlash and 20,000 file online petition in Japan
What are the side effects of Wegovy?
Some of the most common side effects of Wegovy include nausea, diarrhoea, constipation, vomiting, and heartburn. Novo Nordisk's website states some of the most serious side effects can include possible thyroid tumours, including cancer.
"In studies with rodents, Wegovy and medicines that work like Wegovy caused thyroid tumours, including thyroid cancer. It is not known if Wegovy will cause thyroid tumours or a type of thyroid cancer called medullary thyroid carcinoma (MTC) in people," the website adds.
WATCH WION LIVE HERE
You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.