Why Is NVO Stock Falling Pre-Market Today?

Novo Nordisk AS (NVO) shares fell more than 10% in Monday’s pre-market trade after the company announced headline results from Redefine 4, an open-label phase 3 trial.

Novo Nordisk stated that CagriSema demonstrated 23% weight loss in people with obesity, but it failed to meet its primary endpoint.

Retail sentiment on Stocktwits around Novo Nordisk trended in the ‘extremely bearish’ territory at the time of writing.

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