Novo Nordisk CEO Exits
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booming weight loss drug marketCNBC
•Health
Health
Novo Nordisk is betting on a CEO shakeup to regain its weight loss drug edge over Eli Lilly
83% Informative
Danish drugmaker Novo Nordisk abruptly announced that longtime CEO Lars Fruergaard Jorgensen is stepping down.
The company's obesity injection Wegovy is losing ground to Eli Lilly's rival treatment, Zepbound .
The next CEO will have to help the company close the gap with Eli Lilly , fend off emerging rivals and navigate other challenges.
Novo Nordisk has filed for U.S. approval of an oral version of semaglutide, the active ingredient in Wegovy and Ozempic .
Analyst Seigerman says the company has no clear strategy for its oral obesity drug portfolio.
Seigeman : The decision to swap CEOs seems to "draw attention to pivots in this strategy that may be necessary".
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