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BTCC / BTCC Square / Global Cryptocurrency /
Novo Nordisk Stock Plunges as Legal Threat Looms Over $49 Wegovy Copycat

Novo Nordisk Stock Plunges as Legal Threat Looms Over $49 Wegovy Copycat

Author:
Global Cryptocurrency
Published:
2026-02-06 09:09:02
18
2
BTCCSquare news:

Novo Nordisk shares tumbled 7% after Hims & Hers unveiled a compounded version of Wegovy priced at $49, dramatically undercutting the pharmaceutical giant's $149 offering. The Danish company swiftly threatened legal action, labeling the MOVE as "illegal mass compounding" that jeopardizes patient safety.

Eli Lilly shares mirrored the decline, dropping 7% on heightened competition fears in the weight-loss drug market. Hims & Hers defends its product as personalized compounding, claiming a distinct formulation sidesteps semaglutide patents valid until 2032.

The controversy compounds Novo Nordisk's struggles, with the stock having lost 50% of its value in 2025 and declining another 15% in 2026 amid projected sales drops of up to 13% this year. Market watchers anticipate protracted legal battles that could reshape pricing dynamics in the lucrative weight-loss pharmaceutical sector.

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