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Novo Nordisk narrows gap with Eli Lilly in obesity drugs despite Ozempic sales drop.

Analyst Insights
28 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Novo Nordisk is gaining ground on Eli Lilly in the obesity drug market despite a 12.6% quarterly and 15% yearly drop in Ozempic sales to DKK 27.83 billion in Q1. The recent FDA approval of Wegovy HD, which matches Eli Lilly's Zepbound in weight-loss efficacy, and promising clinical data on new drugs UBT251 and zenagamtide, enhance Novo Nordisk's investment appeal. This suggests potential growth opportunities despite current challenges in their insulin franchise and Ozempic demand decline.

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