Taking Novo Nordisk To The Next Level

Summary
  • Novo Nordisk stock remains a great buy at every dips, thanks to its expanding 2030 TAM to $150B, highly profitable growth trend, and improving balance sheet.
  • Readers must also note that its growing oral/injectable diabetes/obesity pipelines, with its late stage candidates being highly promising.
  • Combined with the excellent patient adherence rate and raised guidance/estimates, we believe that consumers’ vote of confidence may bring about NVO’s sustained top/bottom line growth and shareholder returns.

We previous covered Novo Nordisk (NVO) stock in October 2023, discussing how its obesity/diabetes drug, Wegovy/Ozempic, are projected to outperform the best-selling drug of all time, Humira, with an estimated $38.5B in annual sales by 2030.

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