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Mangoceuticals Stock Plummets as Pharma Giants Deny Partnership Claims

Mangoceuticals Stock Plummets as Pharma Giants Deny Partnership Claims

Author:

Global Cryptocurrency

Published:

2025-11-14 10:43:02

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BTCCSquare news:

Mangoceuticals (MGRX) shares cratered over 20% to $0.95 in early trading Friday, extending Thursday's 32% collapse after Eli Lilly and Novo Nordisk refuted claims of a weight-loss drug distribution deal. The telehealth firm had briefly rallied 24% in premarket trading Thursday after announcing programs to sell Zepbound and Wegovy injections at $499/month without insurance.

Both pharmaceutical manufacturers issued swift denials, with Eli Lilly stating it has "no affiliation" with the Texas-based company. The episode underscores the risks of speculative trading around unverified partnerships in the healthcare sector.

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