Wegovy (semaglutide) is back. After second-quarter sales of Novo Nordisk’s obesity jab disappointed, sales in Q3 showed impressive growth, up by 81% year-on-year to DKK17.3bn ($2.5bn) – nearly a quarter of Novo’s sales for the period.
Novo Nordisk’s Dependence On Semaglutide Increases
A single molecule was responsible for nearly three quarters of the Danish group’s DKK71.3bn ($10.3bn) Q3 revenues.

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Industry lobbied for pharmaceuticals to be exempt from Trump’s sweeping US tariffs and the effort appears to have paid off. J&J, Lilly and Merck & Co. even got shout outs.
Strong sales growth for the German group’s SGLT2 inhibitor in 2024
Pharma executives and investors are waiting with bated breath to find out if President Trump will include drugs in a new round of tariffs to be announced on 2 April.
Supply chain disruption fears at the start of the COVID-19 pandemic caused drug over-ordering. Imminent tariffs on drugs may have had a similar effect on pharma sales in Q1 earnings season.
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