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Novo Nordisk shocked investors on Wednesday when its latest results fell short of Wall Street's expectations. While Eli Lilly's stock remains up about 32% year to date, concerns about increasing competition in the category have resulted in a nearly 16% decline for Lilly shares over the past month. Eli Lilly is making similar attempts with Zepbound, but its launch is at an earlier stage than Wegovy. Second-quarter sales of Ozempic, Novo's diabetes treatment, rose 4% from the first quarter, while Wegovy revenue grew 24% quarter over quarter. Barclays analyst Emily Field told clients in a research note that she would be a buyer of Novo Nordisk shares on the weakness.
Persons: Eli Lilly, Eli, Lilly, Wells, Mohit Bansal, Ozempic, Bansal, Emily Field, David Song, Song, Chris Schott, Schott Organizations: Novo Nordisk, LSEG, Lilly's, Management, Food and Drug Administration, Barclays, Tema, JPMorgan Locations: Wells Fargo, IQVIA, Amgen, MariTide, Novo, CagriSema
Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. EBIT — earnings before interest and tax — came in at 25.93 billion Danish kroner in the second quarter, which was also below the LSEG forecast of 26.86 billion Danish kroner. Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating profit outlook. Novo Nordisk CEO Lars Fruergaard Jørgensen on Wednesday said that the company was expecting "attractive growth" in the coming months. The drug was approved in China in the second quarter, opening it for sale in the world's second largest economy.
Persons: Jakub Porzycki, , Wegovy, Lars Fruergaard Jørgensen, CNBC's, Roche, Jørgensen Organizations: Novo Nordisk Wegovy, Novo Nordisk, Getty, Nordisk Locations: Krakow, Poland, London, China
London — Novo Nordisk trimmed its full-year profit outlook Wednesday after reporting weaker-than-expected quarterly sales of its popular weight loss drug Wegovy. Chief Financial Officer Karsten Munk Knudsen in an interview called the market reaction unsurprising, given the market’s sensitivity to Novo’s mega-blockbuster drug Wegovy. Sales of Wegovy, Novo’s first-to-market weight loss drug, rose 53% to 11.66 billion crowns, well below the 13.54 billion crowns expected by analysts, while sales of Ozempic, a diabetes drug with the same active ingredient, also just missed expectations. Operating profit in the quarter rose 8% at constant exchange rates to 25.9 billion Danish crowns ($3.8 billion) compared with the 27.3 billion crowns forecast by analysts in an LSEG poll. All eyes on supplyNevertheless, Novo raised its sales growth outlook for this year to between 22% and 28% in local currencies from 19% to 27% previously.
Persons: Karsten Munk Knudsen, Wegovy, , Markus Manns, Lars Fruergaard Jorgensen, Eli Lilly, Jorgensen, Novo’s, Novo, Lilly Organizations: London, Nordisk, Novo, Union Investment, Barclays, Citi Locations: Germany, Danish, United States, Britain
Pelvic floor issues are commonOverall, nearly a quarter of women in the United States develop pelvic floor issues, according to the National Institutes of Health. Regular physical activity is essential for overall health and can be safely maintained with proper modifications and attention to pelvic floor health. Why focus on pelvic floor healthGiven the prevalence and impact of these issues, maintaining pelvic floor health is vital to a good quality of life. But here’s the good news — pelvic floor health can be improved with the right care at the right time — sooner rather than later. And Kegels, which strengthen pelvic floor muscles, aren’t the only essential pelvic floor exercises.
Persons: Jamin, , you’ve, , something’s, I’m Organizations: Orlando Health, Florida Urological Society, CNN, National Institutes of Health Locations: Florida, United States
One-fifth of respondents said they follow a “high-protein diet” — more than vegetarian, vegan and gluten-free diets combined. Before recommending a high-protein diet, she looks at pre-existing health conditions, family history and lifestyle. “I really wanted to show how to include protein, from the stance of here are whole-food lean sources of protein you can incorporate that can follow a higher protein diet, but that are still balanced,” she said. When starting a new diet, Stanford, of Mass General, advised seeing a physician or registered dietitian first to evaluate any individual risks and medical history. If a high-protein diet is deemed safe, Stanford encourages patients to be thoughtful and view it as a long-term commitment.
Persons: , Fatima Cody Stanford, , Teresa Fung, Stanford, Monica D’Agostino, ” D’Agostino, Kristin Kirkpatrick, ” Kirkpatrick, Elisabetta Politi, Politi, ” Politi, dietitians, Influencer Ainsley Rodriguez, ” Rodriguez, D’Agostino, ’ ” Stanford Organizations: Massachusetts General Hospital, Harvard Medical School, Simmons University, International Food Information, Cleveland Clinic, Duke, Management, Stanford Locations: Massachusetts, New York City, Durham , North Carolina, TikTok
Most people undergo a knee replacement due to osteoarthritis in the joint, which can cause pain, swelling and less knee mobility. “We’ve always had this idea that muscle mass matters and helps protect joints,” said Miller, who was not involved with the study. The data that van Meurs and her colleagues studied came from people with an average body mass index of 26. “Before engaging in a lot of weight-bearing activity, do some training in the gym to strengthen your leg muscles,” van Meurs said. And if you’re going to take up a weight-bearing activity such as running, start slowly.
Persons: , Joyce van Meurs, ” van Meurs, , Oleg Breslavtsev, Kathryn Miller, “ We’ve, Miller, van Meurs, Meurs, ” Miller, “ It’s, you’ll, Melanie Radzicki McManus Organizations: CNN, Therapeutic Medicine, JAMA, Erasmus Medical Center, Getty, University of Wisconsin School of Medicine, Public Health, BMI, CNN’s Locations: United States, Netherlands, Rotterdam , Netherlands, Madison,
Here are JPMorgan's top stock picks for August
  + stars: | 2024-08-03 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Some stocks have been added and others on this month's list. EQT Corp. has been added, while Arista Networks and Coherent Corp. – two names on last month's list – have been removed. Here are some of JPMorgan's top picks for August: EQT was named as part of the bank's value strategy. Of consumer stocks, McDonald's is also viewed as a value play, with shares of the fast-food chain down 7% this year. For growth stocks, Amazon made the cut.
Persons: EQT, McDonald's, Joe Erlinger, Brian Olsavsky, Donald Trump, Olsavsky, Eli Lilly –, Organizations: JPMorgan, Dow Jones, EQT Corp, Arista Networks, Amazon, Paris, Microsoft Locations: EQT, McDonald's U.S
Consumers who try to buy popular weight loss drugs online without a prescription risk being scammed or receiving unsafe products, a new study shows. Shortages of the popular weight loss medication, which belongs to a class of drugs called GLP-1s, have led to “a black market of illegal knockoffs,” said Dr. Christopher McGowan, the founder, medical director and research director of True You Weight Loss, a weight loss clinic in Cary, North Carolina. Medicare doesn’t cover the drugs when prescribed for weight loss, and many state Medicaid plans heavily restrict coverage. Online scamsSome websites purporting to be online pharmacies take consumers’ money but never deliver the medications, according to the study. Consumers won’t get that sort of care if they buy drugs online without seeing a health care provider.
Persons: , Tim Mackey, Christopher McGowan, McGowan, semaglutide, won’t, Mackey, ” McGowan, , Shabbir Safdar, Scott Brunner, Safdar, Brunner, Consumers won’t, it’s Organizations: Nordisk’s, University of California, Global Health, Data Institute, University of Pecs, FDA, Manufacturers can’t, Medicare, JAMA, Food and Drug Administration, semaglutide, Novo Nordisk, telltale, Partnership, Safe Medicines, Alliance, Pharmacy, Consumers Locations: San Diego, Hungary, Cary , North Carolina, U.S
The "immediate cause of death" for D'Vontaye Mitchell, 43, was “restraint asphyxia and toxic effects of cocaine and methamphetamine,” according to a final report from the Milwaukee County Medical Examiner. Courtesy Brenda GilesHis final manner of death was ruled by the medical examiner to be homicide. On June 30, four security guards pinned Mitchell face down on the ground outside the downtown Hyatt Regency hotel. The medical examiner noted Mitchell was “restrained in prone position” by multiple individuals after using drugs. Police said a person had entered the business, “caused a disturbance” and “fought with security guards as they were escorting” him out.
Persons: D'Vontaye Mitchell, Brenda Giles, Mitchell, , , grunting, Ben Crump, George Floyd's, Crump, Mitchell's, Hyatt Organizations: Milwaukee County Medical, Police, ” Hotel, Hyatt, Milwaukee County Locations: Milwaukee, Hyatt Regency, Minneapolis
Jim Cramer said Friday the Fed should have cut at this week's meeting. Those were in place with AMD because Jim Cramer mentioned the stock on CNBC TV over the past 72 hours. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Dow Jones, here's, Eli Lilly, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Federal Reserve, Fed, Bond, chipmaker Broadcom, AMD, Palo Alto, Nvidia, Wynn Resorts, Disney, Jim Cramer's Charitable Locations: U.S, DuPont, Dover, Wells
“I think you were trying to roast me, but this is actually fact — I do have a BMI of 30. Critics say the term BMI has become a societal judgment by lumping individuals into arbitrary categories that perpetuate misconceptions about body weight. “She could easily say, ‘I am in perfectly good health, so just take your BMI of 25 and shove it.’”That’s exactly the scenario facing Maher. Conversely, BMI can underestimate body fat in older adults and anyone who has lost muscle, according to the Harvard T.H. There is a movement in the medical profession to move away from crude BMI measurements in clinical practice.
Persons: Ilona Maher, , Maher, , you’re, Christophe Petit Tesson, Shutterstock Maher, I’ve, that’s, Thomas Wadden, it’s Organizations: CNN, USA, Olympic, Olympics, BMI, Team USA, Australia, Perelman School of Medicine, University of Pennsylvania, Perelman’s, Harvard, of Public Health, American Medical Association Locations: TikTok, Chan, Boston
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Eli Lilly 's weight loss drug Zepbound showed benefits in patients with a common type of heart failure and obesity, according to late-stage trial data the company released Thursday. Eli Lilly said it plans to submit the results from the phase three trial to regulators in the U.S. and other agencies starting later this year. Zepbound also significantly improved heart failure symptoms and physical limitations, Eli Lilly said in a release. Eli Lilly will present the data at an upcoming medical meeting and submit it to a peer-reviewed journal.
Persons: Eli Lilly, Zepbound Organizations: Centers for Disease Control, Novo Nordisk, Drug Administration Locations: Brooklyn, New York, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. For the rest of the market, Jim noted "pockets of weakness" in the consumer discretionary and industrials sectors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim, Eaton, it's, Eli Lilly, Jim Cramer's Organizations: CNBC, Federal Reserve, Meta, Facebook, Apple, Medicare, Novo Nordisk Locations: Eaton, U.S
The risk was two to three times higher in people born in 1990 for pancreatic, kidney and small intestine cancers, compared to people born in 1955. Liver cancer diagnoses in women followed the same pattern. About 20% of cancer diagnoses in the U.S. are linked to excess body weight, according to the American Cancer Society. Obesity rates in the nation changed little in the 1960s and 1970s but increased sharply after that. Among children, obesity rates grew from 5% to 17% in the same period.
Persons: Sung, , , Andrea Cercek, ” Brawley, Otis Brawley, it’s, ” Cercek Organizations: North American Association of Central Cancer, U.S . National Center for Health Statistics –, Memorial Sloan Kettering Cancer Center, , Bloomberg, Oncology, Epidemiology Johns Hopkins University, American Cancer Society, Centers for Disease Control Locations: U.S
Watch CNBC's full interview with Teva Pharma CEO Richard Francis
  + stars: | 2024-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Teva Pharma CEO Richard FrancisRichard Francis, Teva Pharma CEO, joins 'Money Movers' to discuss how much of the company's momentum is around its generic obesity drug, outlooks on the company's earnings, and much more.
Persons: Richard Francis Richard Francis Organizations: Teva Pharma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTeva Pharma CEO: Majority of momentum came from innovative business, not GLP-1sRichard Francis, Teva Pharma CEO, joins 'Money Movers' to discuss how much of the company's momentum is around its generic obesity drug, the market's excitement around its GLP-1 drug, and much more.
Persons: Richard Francis Organizations: Teva, Teva Pharma
The natural-parenting movement, like the anti-vaccine movement, relies on our forgetfulness about what life was like before the innovations that it denounces. Also like the anti-vaccine movement, the natural-parenting movement is a reaction to very real failures in our medical system, which has more than earned people’s distrust. Natural parenting has since been thoroughly secularized, but it still preaches something akin to spiritual transcendence through female sacrifice. Even if you distrust the natural-parenting movement, its pressures are hard to escape. If the natural-parenting movement really cared about children, it would do some introspection about how often it makes their parents miserable.
Persons: I’d, , , who’ve, thrall, It’s, Carla Cevasco, don’t, , Amy Tuteur, Dick, Read, Ina May Gaskin, William Sears, God, Emily Oster, Long, Gaskin, who’d, saccharine condescension Organizations: World Health Organization, OB, Harvard Medical, Leche League, Daily Locations: British, Leche
But addressing 14 risk factors over the course of one’s life — starting in childhood — could prevent or delay nearly half of cases, according to a large report by 27 dementia experts. “The progress in preventing and treating dementia is accelerating.”The initial 12 risk factors were linked with 40% of cases, but the new report suggests addressing the 14 risk factors could help eliminate or delay 45% of dementia cases, said Livingston, a professor of psychiatry of older people at University College London. This “critical” update calls attention to two risk factors that preventive neurologist Dr. Richard Issacson says his clinical practice has been evaluating for over a decade. Influencing brain functionThe report doesn’t establish with certainly that these risk factors directly cause dementia, experts said. But other research has provided theories on the link between these vulnerabilities and dementia risk.
Persons: CNN —, , Dr, Gill Livingston, Livingston, Richard Issacson, Isaacson, wasn’t, It’s, Klaus Ebmeier, Ebmeier wasn’t, ” Livingston, Glen R, Finney, Alzheimer’s, Susan Kohlhaas, Kohlhaas, , ” Finney Organizations: CNN, Lancet, University College London, University of Oxford, American Academy of Neurology, Alzheimer’s Research Locations: midlife, Florida, Wilkes Barre , Pennsylvania,
North Korea is seeking medicine for Kim Jong Un's obesity, a South Korean spy agency said. Kim, 40, is said to weigh 308 pounds and have high blood pressure and diabetes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNorth Korean officials are looking to find new drugs to treat Kim Jong Un's obesity-related health issues, South Korea's spy agency said.
Persons: Kim Jong, Kim, , Kim —, Lee Seong Kweun Organizations: Service, National Intelligence Service, AP News, Business Locations: Korea, South Korean
George Frey | ReutersAn older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of Alzheimer's disease by protecting patients' brains, according to data from a mid-stage trial released on Tuesday. Novo Nordisk sells liraglutide as a diabetes and obesity drug under the brand names Victoza and Saxenda, respectively. Alzheimer's disease often causes the brain to shrink as the illness progresses because crucial nerve cells break down and stop working properly. By 2050, the number of Alzheimer's patients is projected to rise to almost 13 million in the U.S. The ongoing EVOKE is examining semaglutide, the active ingredient in Wegovy and Ozempic, in nearly 2,000 Alzheimer's patients.
Persons: George Frey, Eli Lilly, liraglutide, Brian B, Bettencourt, Heather Snyder, Leqembi, Snyder, Dr, Paul Edison, Edison, Bobby Pugh, Bessie Pugh, Karen Pulfer Focht Organizations: Novo Nordisk Pharmaceutical, Reuters, Novo Nordisk, Imperial College London, Alzheimer's Association International Conference, Toronto Star, Getty, Alzheimer's Association, U.S, CNBC, Alzheimer's, Novo Nordisk's, Ave Locations: Provo , Utah, Danish, Philadelphia, Biogen, Novo, Bartlett , Tennessee, U.S
Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.
Persons: , Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google
Swiss pharmaceutical giant Roche said Monday it is accelerating the development of its Wegovy rival weight loss drugs following promising early stage trial data. However, in an FT interview published earlier Monday, CEO Thomas Schinecker indicated that the firm's first obesity drug could come to market "significantly faster than people are expecting," potentially by 2028. Both CT-388 and CT-996 were acquired as part of Roche's purchase of U.S. biotech company Carmot Therapeutics, which completed in January. The promising results could see Roche emerge as a potential rival to obesity drug pioneers Novo Nordisk and Eli Lilly. Schinecker told CNBC last week that he expects the company to eventually offer a suite of obesity medications.
Persons: Roche, Nordisk's Wegovy, Eli Lilly, Thomas Schinecker, Teresa Graham, Roche's, Schinecker Organizations: Nordisk's, CNBC, Roche Pharmaceuticals, Carmot Therapeutics, Novo Nordisk Locations: U.S
But experts emphasize that much more research is needed before using the medications off-label for smoking cessation. In a study published Monday in the journal Annals of Internal Medicine, researchers tracked the medical records of more than 200,000 people who started medications to treat type 2 diabetes, including nearly 6,000 people using semaglutide medications such as Ozempic. Over the course of a year, people who started using semaglutide were significantly less likely to have medical encounters for tobacco use disorders, prescriptions for medications for smoking cessation or counseling for smoking cessation than those who started other diabetes medications such as insulin and metformin. “A signal like this one cannot be ignored, particularly because of how consequential it could be if, in fact, we can have now a new medication for treating smoking cessation,” she said. But fewer than 1 in 10 adult cigarette smokers succeed in quitting each year, according to the new study, and options for smoking cessation treatment haven’t changed much in decades.
Persons: Disha, , Nora Volkow, ” Volkow, Dr, Sanjay Gupta, Volkow Organizations: CNN, Internal Medicine, Endeavor Health, National Institute on Drug, Get CNN, CNN Health, US Centers for Disease Control, American Cancer Society Locations: Chicago, United States
Here are JPMorgan's top drug stock picks into earnings
  + stars: | 2024-07-29 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
JPMorgan is eyeing a few drug manufacturers ahead of their earnings reports as investors continue to sell out of major technology firms. This backdrop has analyst Chris Schott reviewing JPMorgan's top pharmaceutical and biotechnology stocks, which includes "stories that have clear upside potential to longer-term estimates" like Eli Lilly and Merck. Eli Lilly Pharmaceutical company Eli Lilly made the list. Schott said the firm is somewhat below consensus Wall Street estimates for Eli Lilly heading into second-quarter results on Aug. 8. LLY YTD mountain Eli Lilly stock.
Persons: Johnson, Merck —, Chris Schott, Eli Lilly, Merck, Schott, , Regeneron Organizations: JPMorgan, Dow Jones, Johnson, Merck, US Major Pharma, Schott, FactSet, Pharmaceuticals Locations: Mounjaro, Novo
With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.
Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, , Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain
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