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The bottom line: Were maintaining our fair value estimate of $86 per share for Novo, and think the stock looks slightly overvalued after this announcement
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Why it matters: REDEFINE 3 will be key for regulatory and clinical adoption of CagriSema
On average, clinical trials have found that patients on semaglutide (the active ingredient in Ozempic and Wegovy) may lose between 15% to 20% of their body weight within the first year of use
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