UBS skeptical of Novo Nordisk's sky-high market valuation

A UBS analyst believes increased competition on the obesity market combined with high prices will lead to Novo’s rival, Eli Lilly, taking a bigger slice of the pie.

Photo: Denis Balibouse/Reuters/Ritzau Scanpix

by marketwire, translated by daniel pedersen

Global bank UBS, which is based in Switzerland, is skeptical about the market’s high valuation of Novo Nordisk, and is predicting the future will bring increasing resistance against high prices for obesity treatments, one such being the Danish drugmaker’s product, Wegovy (semaglutide).

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