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Novo Nordisk A/S

Company NameNovo Nordisk A/S
Stock SymbolNVO

On June 23, 2025, Novo Nordisk announced that it was ending its partnership with Hims & Hers Health, Inc. (“Hims”) and its weight loss drug, Wegovy, would no longer be available through Hims, stating that Hims “has failed to adhere to the law which prohibits mass sales of compounded drugs under the false guise of 'personalization’ and are disseminating deceptive marketing that put patient safety at risk.”

On this news, Novo Nordisk’s stock price fell $4.05, or 5.5%, to close at $69.72 per share on June 23, 2025, thereby injuring investors.

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