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Novo Nordisk sales fall; Pfizer shines with strong earnings and obesity drug pipeline.

Market News
23 Jun 2026
24/7 Wall Street
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Bullish
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Novo Nordisk reported a 4% sales decline in Q1 FY26 excluding a $4.2B accounting reversal, with key drugs Ozempic and Rybelsus dropping significantly. The company also announced major price cuts for Wegovy and Ozempic in 2027 and faced setbacks with its next-gen drug CagriSema. Meanwhile, Pfizer posted a fifth consecutive earnings beat with 5.4% revenue growth and is advancing its obesity drug portfolio, including new GLP-1 candidates. Pfizer offers a strong dividend yield of 6.8%, ongoing acquisitions, and extended patent exclusivity, making it an attractive alternative for investors wary of Novo's challenges.

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