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Novo Nordisk's oral semaglutide launch shows slower dose growth amid strong injectable competition.

Market News
28 May 2026
Proactive Investors
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Neutral
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Novo Nordisk's investor relations highlighted that the launch of its oral semaglutide is progressing with dose escalation patterns differing from its injectable forms. Despite improved data capture at 65%, 90% of prescriptions are still paid out-of-pocket rather than through insurance. The injectable market faces intense competition, with Canadian prices discounted 40-65% and compounded semaglutide supply peaking but remaining significant with 1.5 million patients still using it. Deutsche Bank maintains a hold rating on Novo Nordisk, reflecting balanced risks amid pricing pressures and pipeline developments.

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