Novo Nordisk's (NVO) Hypertension Drug Study Fails to Meet Goal
NVONovo Nordisk(NVO) ZACKS·2024-06-27 23:25

Novo Nordisk (NVO) lost 2.2% on Jun 26 after the company announced the failure of a late-stage study evaluating ocedurenone to treat patients with uncontrolled hypertension and advanced chronic kidney disease (CKD). Consequently, the company said that it will recognize an impairment loss of around DKK 5.7 billion related to the intangible assets in the second quarter of 2024. Such recognition is expected to negatively impact operating profit growth by around 6 percentage points at the constant exchange rate ...