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Novo's profit warning triggers $70bn share rout
Business Standard
|July 30, 2025
Investors wiped $70 billion off Novo Nordisk's market value on Tuesday after the maker of weight-loss drug Wegovy issued a profit warning and named a new CEO, as it battles rising competition in the obesity drug market.
Novo named Maziar Mike Doustdar as its new CEO, turning to a veteran insider to revive sales and rea
Dit verhaal komt uit de July 30, 2025-editie van Business Standard.
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