Novo Nordisk's Q1 profit beats forecasts

Eli Lilly and Company

Eli Lilly and Company

LLY

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COPENHAGEN, May 6 (Reuters) - Novo Nordisk NOVOb.CO, the maker of weight-loss drug Wegovy, on Wednesday reported a first-quarter adjusted operating profit above expectations.

The Danish drugmaker is banking on demand for its new weight-loss pill as competition with U.S. rival Eli Lilly LLY.N intensifies and investors demand proof that fast-rising volumes can offset a bruising obesity drug price war.


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