Health Care Up on Novo Nordisk Optimism -- Health Care Roundup

Dow Jones

01-25

Health-care companies rose as traders rotated back into the sector amid optimism about blockbuster drugs.

Novo Nordisk shares rose by more than 8% for one of their biggest gains in recent years after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

The slightly weaker-than-anticipated performance of some shots has weighed on the formerly red-hot shares of Novo Nordisk and Eli Lilly. Shares of Moderna rose as the biotech firm received an approval on supplying the European Union Covid-19 Spikevax shots following a tender process.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

January 24, 2025 17:19 ET (22:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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