
U.S. stock movement | Novo Nordisk rises over 2% as results from Phase III trial of new generation weight loss drug Cagrilintide are positive

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Novo Nordisk's stock price rose more than 2% on Tuesday, closing at $57.12. The company's new weight loss drug Cagrilintide performed well in phase three clinical trials, with patients losing an average of 11.8% of their weight after 68 weeks, compared to just 2.3% in the placebo group. Cagrilintide is a long-acting glucagon-like peptide that effectively increases satiety. Novo Nordisk's Chief Scientific Officer expressed excitement about the trial results and looks forward to further validating its potential
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