Novo Nordisk's Wegovy Pill Just Hit 3 Million Prescriptions. Is Wall Street Missing Something With This Beaten-Down Stock?

1 hour ago 3

Reuben Gregg Brewer, The Motley Fool

Sat, June 20, 2026 astatine 11:35 AM CDT 4 min read

Novo Nordisk (NYSE: NVO) kicked disconnected a revolutionary displacement successful however obesity is treated. The goal, astatine first, was to assistance diabetics woody with value loss, but the accidental to grow beyond that 1 unwellness has proven adjacent much attractive. The biggest caller improvement is Novo Nordisk's instauration of a Wegovy pill, which has been precise good received. Here's what you request to see arsenic you measure Novo Nordisk and the broader GLP-1 space.

There are lone 2 notable GLP-1 players close present

Novo Nordisk's Wegovy changeable was the archetypal GLP-1 cause connected the scene. There was truthful overmuch request that the institution couldn't nutrient capable of the medication. That was a large occupation for the institution due to the fact that it opened the doorway to lower-cost generic versions successful the U.S. market. And erstwhile rival Eli Lilly (NYSE: LLY) introduced its ain GLP-1 drugs (Mounjaro and Zepbound) that were much effective, Novo Nordisk rapidly recovered itself trailing successful the marketplace it had efficaciously created.

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A portion measurement with a heap of pills.

That said, consumers don't truly similar taking injections. So a 2nd contention was taking signifier betwixt these 2 pharmaceutical giants. Once again, Novo Nordisk was archetypal to market, this clip with a pill mentation of Wegovy. It is precise popular, having rapidly reached 3 cardinal prescriptions. Its maturation has been adjacent faster than that of the Wegovy shot, which makes logical sense. Consumers already cognize and spot Wegovy, truthful taking it successful a pill signifier is simply a reasonably casual step.

What's absorbing is that Eli Lilly has besides launched a GLP-1 pill. The pill is Foundayo, which is simply a antithetic cause from Mounjaro and Zepbound. Not lone does it look to beryllium little effectual than the Wegovy pill, but arsenic a caller drug, it has a harder way arsenic it needs to beryllium introduced to consumers. This gives Novo Nordisk a large opening to summation marketplace stock successful the GLP-1 niche.

Novo Nordisk is successful a modulation twelvemonth

Wall Street has seemingly abandoned Novo Nordisk, with the banal down 70% from its 2024 highs adjacent arsenic Eli Lilly trades adjacent its all-time highs. And determination appears to beryllium a bully crushed for interest implicit the abbreviated term, arsenic Novo Nordisk has warned that 2026 volition beryllium a hard year. The large communicative is pricing: the institution has agreed to little cause costs successful the U.S. marketplace and is facing generic contention successful India.

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