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Bloomberg Talks

Novo Nordisk President and CEO Talks Wegovy Pill

23 Dec 2025

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.858 - 10.515 Caroline Hyde

This is Caroline Hyde. And I'm Ed Ludlow, inviting you to join us for Bloomberg Tech, a daily podcast focusing exclusively on technology, innovation, and the future of business.

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10.855 - 14.842 Ed Ludlow

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15.023 - 20.352 Caroline Hyde

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28.83 - 34.041 Caroline Hyde

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47.128 - 48.871 Caroline Hyde

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Chapter 2: What is the significance of Novo Nordisk's Wegovy pill approval?

316.121 - 337.244 Mike Doustdar

Again, we have shown confidence that we are able to scale this more than enough for every single person who would want to take the pill, and we're ready for that. And then, of course, lastly, people are writing us off that this would not be possible at an affordable And I'm also very happy to say, once again, we are proving all of these skeptics wrong.

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337.304 - 351.405 Mike Doustdar

So I'm super excited that we have something that is borderline miracle, in my own humble opinion, a peptide and a pill with a high efficacy produced at scale. And we're going to actually sell it through all channels at relatively affordable price.

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351.706 - 367.369 Katie Greifeld

I'm curious how you see this market evolving, whether you think that having this pill version available will expand the total addressable market, the total number of patients that you can reach, or whether or not it might cannibalize the injectables that you're already serving.

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368.53 - 384.03 Mike Doustdar

You know, in my own family and circle of friends, there are a number of people that have been very attracted in taking a GLP-1 product and reducing weight. Unfortunately, they have not, you know, taken that journey because they've been either afraid of injections or there's the taboo of injection.

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385.071 - 414.855 Mike Doustdar

I think a lot of these people today will be able to find Vigovipil incredibly interesting as a way, again, to come in, get the same efficacy as your injection, but in a form factor of appeal. So in short, I think the market will expand quite a bit, actually, for many of these people that have just been waiting and seeing the injectable versions of these GLP-1 products taking the world by storm.

415.173 - 432.085 Katie Greifeld

And of course, we have to talk about pricing and how that plays into the political picture. Many drug makers, yourself included, have made pricing deals with the Trump administration. And given that those deals have already been made, what additional political hurdles do you see, if any, in 2026?

432.976 - 459.253 Mike Doustdar

Well, again, the whole negotiation with Trump's administration has been around providing access at an affordable price. And we have announced that we will start the starting dose of the big OV pill at 149, which I think is a very affordable price for many Americans to get interested at. And I will say that as we go forward, of course, we will very much

459.233 - 468.387 Mike Doustdar

like to continue expanding the market, and we will make sure that the price levels are in a way that will make us do that.

469.088 - 485.713 Katie Greifeld

And, Mike, before I let you go, I have to ask you about M&A. Of course, you had that high-profile bidding war with Pfizer over Metzera. Pfizer ultimately came out on top. But with that in the background, are you still looking to pursue deals here to help fill out your pipeline, so to speak?

Chapter 3: How does Novo Nordisk plan to leverage its first mover advantage?

580.238 - 582.421 Caroline Hyde

We're also watching the second day of drop in Chinese stocks.

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Subscribe to Stock Movers wherever you get your podcasts. This is Scarlett Fu.

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603.594 - 607.599 Scarlett Fu

And I'm Paul Sweeney, inviting you to join us for the Bloomberg Intelligence Podcast.

607.619 - 618.914 Paul Sweeney

Every day, we harness the power of Bloomberg Intelligence to bring you deep dives into the companies that are moving markets, from publicly traded companies like Apple to those that are privately owned but known by everyone on Earth, like OpenAI.

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