Novo Nordisk to seek regulatory approval for Wegovy pill in China soon, says CEO

Eli Lilly and Company

Eli Lilly and Company

LLY

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- Novo Nordisk NOVOb.CO plans to seek Chinese regulatory approval for its weight-loss pill "very soon," CEO Mike Doustdar said Tuesday, in a move to catch up with rival Eli Lilly LLY.N in the world's second-largest pharmaceutical market.