Why Novo Nordisk Stock Just Skyrocketed Today

Novo Nordisk shares just ripped through the roof—here's what's fueling the massive surge.

Blockbuster drug performance sends traditional investors scrambling while crypto natives shrug.

Another day, another pharma giant cashing in while DeFi builders actually solve real problems.

The next Wegovy?

At this year's annual meeting of the European Association for the Study of Diabetes, Novo Nordisk presented data from a phase 3 clinical trial for cagrilintide. Like Wegovy, this treatment targets obesity, and it performed well versus a placebo in the study.

Patients administered the once-weekly injectable medication shed an average of 11.8% of their weight over the 68-week course of the study. That compared very favorably to results from participants taking a placebo, who collectively lost 2.3%.

Cagrilintide was generally well tolerated, with only mild to moderate side effects. These were most commonly gastrointestinal in nature.

Good feelings

In another presentation, Novo Nordisk detailed the findings from a real-world study indicating that the healthcare company's semaglutide (Wegovy's active ingredient) helped reduce "food noise." In other words, they experienced significantly fewer intrusive thoughts and feelings about eating. All told, 46% of the participants in the study reported such improvement.

A greater proportion (64%) said their metal well-being was improved while taking the drug, and 80% said they took up healthier behaviors on Wegovy.