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Novo Nordisk rises premarket on $1.26 bn savings plan
short by / on 10 Sep 2025,Wednesday
Novo Nordisk shares edged higher in premarket after it unveiled major restructuring, cutting 9,000 jobs to save 8 billion Danish crowns ($1.26 billion) annually by 2026. Overhaul refocuses on obesity, diabetes drugs but comes with 9 billion crowns in one-off costs, dragging 2025 profit growth forecast down to 4-10% from as high as 27% earlier. Firm faces tough US competition, Wegovy supply issues.
short by / 02:57 pm on 10 Sep
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