COLOMBO, Sri Lanka — Australia opened their T20 World Cup 2026 campaign with a ruthless 67‑run victory over Ireland, combining a muscular batting display with a suffocating bowling performance to underline their title credentials in Group B.
(VIDEO) Australia Thrash Ireland by 67 Runs in Colombo to Launch T20 World Cup Campaign in Style
Sent in to bat after stand‑in captain Travis Head won the toss at the R. Premadasa Stadium, Australia posted an imposing 182 for 6 before skittling Ireland for just 115 in 16.5 overs. The result not only delivered two points but also handed Australia a hefty early boost to their net run rate in a group where every decimal could prove crucial.
Stoinis and Inglis power Australia to 182
Australia’s innings began in chaotic fashion when Head, leading the side in the absence of the injured Mitchell Marsh, was run out for 6 after a mix‑up with opening partner Josh Inglis. Inglis had already survived a chance — dropped at point — and capitalised on his reprieve with an aggressive, counter‑punching cameo.
Inglis and Cameron Green quickly wrested back momentum from Ireland. The pair kept the powerplay run rate above 10 an over, mixing clean hitting down the ground with sharp running between the wickets. Green raced to 21 off 11 balls before miscuing to mid‑wicket, but by then Australia had 64 on the board at the end of six overs, with the Irish seamers struggling for control on a placid surface.
Inglis continued to attack, racing to 37 off just 17 balls with a flurry of boundaries through point and over extra cover. His dismissal, holing out after earlier striking George Dockrell for four, briefly checked Australia’s charge, and a quiet middle phase followed as new batsmen adjusted to a pitch that began to slow and grip.
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Matt Renshaw and Marcus Stoinis then rebuilt the innings in a decisive fifth‑wicket stand worth 61. Renshaw played the anchor role with 37 from 33 balls, rotating the strike and allowing Stoinis to dictate terms. Stoinis, who top‑scored with 45 from 29 deliveries, picked his moments to accelerate, driving powerfully down the ground and muscling a six over mid‑wicket while still collecting the majority of his runs in hard‑run ones and twos.
Glenn Maxwell’s brief stay offered flashes of intent without a big payoff, but Australia’s refusal to panic after losing early wickets meant they always had a platform to launch from. Late nudges and hustled doubles in the final overs ensured Australia reached 182, a total that looked slightly above par once the ball began to hold in the surface.
For Ireland, Mark Adair and Barry McCarthy fought hard in the death overs to prevent a 190‑plus score, but the damage from the powerplay and the Stoinis‑Renshaw partnership left them facing a daunting chase.
Ellis and Zampa rip through Ireland
Ireland’s reply unravelled almost immediately. Captain Paul Stirling, their most experienced and explosive batter, retired hurt for 1 in the opening over after what appeared to be a hamstring issue, dealing a psychological blow to a side already up against it.
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Australian seamer Nathan Ellis took full advantage of the unsettled top order. Renowned for his clever changes of pace and skiddy trajectory, Ellis struck twice inside the first few overs, removing both set batters and exposing Ireland’s middle order before they could settle. By the end of the powerplay, Ireland had slumped to 40 for 4, their chase effectively in ruins.
Curtis Campher (4), Benjamin Calitz (2) and Gareth Delany (11) all fell cheaply during a brutal collapse that left Ireland tottering at 43 for 5 by the seventh over. Any hopes of a miracle hinged on wicketkeeper Lorcan Tucker and all‑rounder George Dockrell, who mounted the only meaningful resistance of the innings.
The pair added 46 for the sixth wicket, with Dockrell in particular showing composure and intent. He compiled a spirited 41 off 29 balls, finding gaps and punishing anything short or wide. Tucker supported with 24 as the duo briefly quieted the Australian fielders and forced Travis Head to juggle his bowling options.
But Adam Zampa, who had been held back specifically for the middle overs, quickly reasserted Australia’s control. The leg‑spinner broke the stand by removing Tucker, drawing him into a miscued stroke. Once that partnership ended, Ireland’s lower order crumbled.
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Zampa and Ellis then turned the screw in tandem. Zampa’s drifting leg‑breaks and sharp googlies dismantled the middle order, while Ellis continued to choke off scoring opportunities with a mix of cutters and yorkers. Both bowlers finished with identical figures of four wickets apiece, underlining their dominance and leaving Ireland shot out for 115 with more than three overs unused.
Dockrell was the last semblance of resistance before the tail fell away, underscoring how little support Ireland’s top order offered in the face of Australia’s relentless attack.
Bowling discipline sets the tone
Australia’s performance with the ball was as clinical as their batting was controlled. Ellis’ 4 for 12 stood out not just for the wickets but for the pressure he applied; his economy and accuracy forced Ireland’s batters into high‑risk shots far earlier than they would have liked.
Zampa’s 4 for 23 demonstrated once again why he is central to Australia’s white‑ball plans. On a surface that rewarded patience and changes of pace, he consistently attacked the stumps, forcing errors from batters unsure whether to commit forward or back.
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Xavier Bartlett and Matthew Kuhnemann provided useful support, tightening the screws from the other end and ensuring Ireland never found a passage of play in which they could counter‑attack freely. In the field, Australia were sharp, with direct hits and diving stops adding to Ireland’s sense of suffocation.
Perfect start to Group B campaign
The 67‑run margin sends Australia to the top of Group B on net run rate and serves as a statement of intent to the rest of the tournament. Coming into the World Cup with key players missing and questions about depth, they answered emphatically on both fronts: the batting card produced multiple contributions, and the attack functioned as a well‑drilled unit.
For Ireland, the defeat leaves them winless after two matches and with serious concerns over both form and fitness. Stirling’s hamstring issue looms as a major worry, and the fragility of the top order under pressure was laid bare. Their bowlers showed patches of discipline, particularly in the latter half of Australia’s innings, but the early overs with both bat and ball ultimately proved decisive.
As the tournament moves forward, Australia will look to build on the momentum of this comprehensive opening victory, while Ireland face a quick turnaround to resurrect their campaign and repair both confidence and combinations.
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Australia may have needed four days to get on the park, but once they did, they wasted no time reminding everyone why they remain perennial contenders in global T20 cricket.
The Yorkshire firm saw revenues rise in the first half of its financial year but was hampered by increasing costs
A Gleeson Homes development(Image: Gleeson Homes)
Housebuilder MJ Gleeson has reported a “robust performance in a subdued market” as revenues increased but profits fell.
The Sheffield firm, which specialises in homes at the lower end of the housing market, has released half year results in which turnover increased 9.6% to £173.1m. But over the same period, operating profit fell by 17.6% to £4.2m.
Gleeson sold 848 homes in the period (up from 801 on the same period last year) and its net reservation rate increased significantly. Average selling prices for its homes went up 2.5% to £198,800.
Its Gleeson Partnerships arm, which focused on building affordable homes for housing associations and private rental investors, secured three further agreements and delivered its first homes. But it was a tougher period for its Gleeson Land division, which fell to a loss despite three land sale transactions in the period and five sites being marketed or in a sales process.
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The company said it was “cautiously encouraged by early signs of a recovery in open market demand” with reservation rates in recent weeks up on the end of 2025 though not yet at last year’s levels.
Gleeson said that further changes implemented in January to complete a restructuring of the company would lead to costs of up to £4.5m that would be recognised as exceptional during the second half of the company’s financial year.
Chief executive officer Graham Prothero said: “For the full year, whilst current market expectations remain achievable, a strong Spring selling season remains fundamental to our assumptions in delivering on those expectations and we need to see the recovery gain further momentum. The bulk market has softened further, as investors remain cautious and focused on pricing.
“Margins continue to be pressured as net selling price increases are outpaced by build costs, and we experience increasing regulatory and tax headwinds. We will update our guidance in April 2026 with the benefit of greater trading visibility through to the year end.
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“With the right structure and leadership in both businesses, the Group is in a strong position to deliver on its medium-term strategic objectives.”
Gleeson’s results have been released in a week of big announcements from companies in the housebuilding sector. The UK’s largest housebuilder, Barratt Redrow has posted falling half-year profits as it said the late autumn Budget created “significant uncertainty” on top of a lack of homebuyer confidence and spending power. That comes a day after Newcastle firm Bellway had revealed growth in house completions and an increase in its average price.
Ferrari said it expects revenue and earnings to rise this year, supported by its lineup of higher-margin luxury sports models and demand for customized vehicles.
The Italian luxury sports-car maker expects full-year revenue of around 7.5 billion euros ($8.94 billion) this year, up from the 7.15 billion euros it reported in 2025, with the year set to be dictated by new models and higher income from racing activities and its lifestyle business. However, higher investments and currency could drag on earnings.
| Revenue of $1.19B (15.59% Y/Y) beats by $973.81K
Microchip Technology Incorporated (MCHP) Wolfe Research Auto, Auto Tech and Semiconductor Conference 2026 February 11, 2026 9:40 AM EST
Company Participants
Matthias Kaestner Sajid Daudi – Head of Investor Relations
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Conference Call Participants
Christopher Caso – Wolfe Research, LLC
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Presentation
Christopher Caso Wolfe Research, LLC
Okay. Good morning, everyone. We’ll move on to our next presentation. I’m Chris Caso, Wolfe’s semiconductor analyst. So thanks for joining us at our conference. Next up is Microchip. With us from Microchip is Matthias Kaestner. Hopefully, I pronounced that correctly.
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Matthias Kaestner
Matt is good.
Christopher Caso Wolfe Research, LLC
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Matt is good. That’s fine. And Sajid Daudi from Investor Relations. Matthias is the Corporate VP of Auto, Data Center and Networking. I know Microchip has had you out on the road a bit with investors recently because we’ve heard data center is kind of good right now. So thanks for joining us. I know — and Eric, if you’re listening, I hope you feel better.
Question-and-Answer Session
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Christopher Caso Wolfe Research, LLC
So maybe to start and Microchip has been pretty vocal over the last quarter or so with a view that the cycle is really starting to turn. And of course, Microchip was a little later to see the recovery, and now it sounds like that you are. So maybe you can give us an update of kind of what you see from a booking standpoint, from what’s going on with customers, particularly as we go into the Chinese New Year holiday, which I know is an important time for you.
Matthias Kaestner
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Yes. And before we begin, I’ll just kind of share the safe harbor statements, which is that during the course of this discussion, we’ll be making certain forward-looking projections regarding the future outlook of Microchip, and we refer you to the SEC filings that
A NatWest survey highlights growing optimism but jobs are still falling in private sector companies
Hull City Centre.(Image: pharbour)
Business optimism in the Yorkshire and Humber has reached a 15-month high as activity in the area returned almost to growth, a survey suggests.
The NatWest Regional Growth Tracker – which measures the month-on-month change in the region’s manufacturing and service sectors – remained just below the 50.0 no-change mark, but rose for a second month in a row in January to 49.3.
Private sector companies in Yorkshire and Humber region recorded back-to-back months of new business growth and firms taking part in the survey highlighted neww product launches, upbeat sales projections, planned investment activity and supportive economic tailwinds.
But payroll numbers in the area fell for a 14th consecutive month, with only Wales out of all of the UK’s regions and nations seeing a sharper fall in job numbers.
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Malcolm Buchanan, chair of the NatWest regional board, said: “Sustained growth in demand for Yorkshire & Humber goods and services and a strengthening of firms’ year-ahead expectations for activity serve as promising leading indicators for the region’s economy. A softening of cost pressures, in tandem with stronger increases in prices charged, also bodes well from a margins perspective, implying a diminished strain on earnings.
“However, the local labour market continues to be challenged by a hesitancy among firms to grow their workforces. Payroll numbers fell for a 14th straight month in January, and at a rate that outpaced the UK-wide average. However, the more upbeat business outlook could spur hiring, as firms look to achieve their more bullish growth forecasts for 2026.”
The survey has been released as data being released tomorrow is expected to show that the UK economy has grown modestly again in the last three months of 2025 amid pressure from budget uncertainty.
The Office for National Statistics (ONS) will shed light on how the economy fared when it reveals the latest UK GDP (gross domestic product) data for December, and the final quarter and year as a whole. Economists have broadly predicted that the economy grew by 0.1% in the quarter, following growth of 0.1% in the third quarter.
Oscar Health’sOSCR 6.19%increase; green up pointing triangle fourth-quarter loss widened as the health insurer continued to struggle with the high utilization of medical services by plan enrollees, but revenue rose and the company continues to target profitability this year.
The health insurer, which focuses on individuals and small businesses, posted a loss of $352.6 million, or $1.24 a share, wider than the $153.5 million, or 62 cents a share, reported a year earlier.
Maziar Mike Doustdar, CEO of Novo Nordisk, speaks in the Oval Office during an event about weight-loss drugs at the White House in Washington, DC on November 6, 2025.
Andrew Caballero-Reynolds | Afp | Getty Images
Novo Nordisk entered 2026 with the momentum of a historic year in more ways than one – but recent weeks have delivered more drama than most companies might expect over a decade.
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The Danish drugmaker kicked off the year with the explosive launch of the first-ever GLP-1 pill for obesity. Its recent challenges have centered around protecting its market share in the blockbuster weight loss drug market, all while its stock price swings wildly.
“Enough has occurred in the past week to occupy a few volumes,” said Deutsche Bank analyst Emmanuel Papadakis on Tuesday, as he — like many of his Wall Street peers — lowered his price target on the stock following the gloomy outlook.
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The rapid news flow has given investors whiplash. So far in February, U.S.-listed Novo shares have traded across a spread ranging from $43.24 to $64.16, shedding as much as 14% in a single day only to gain 10% back in a later session.
Novo Nordisk U.S.-listed shares over the last month.
The latest developments add to a thorny situation for Novo as it risks being edged out by Lilly and the growing number of people taking cheaper compounded versions of semaglutide, which are unapproved copycats of Novo’s Wegovy jab.
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CEO Mike Doustdar, who took the reins in August after the former CEO was ousted over misjudging the U.S. market and challenges there, has a plan to steer the company through what’s been described as a “show me” year.
His agenda is extensive: cracking down on those compounded knock-offs, sustaining strong demand for its newly launched obesity pill, building prescription volumes in the U.S. and bringing new, next-generation obesity and diabetes treatments to market.
In an interview with CNBC on Wednesday, Doustdar acknowledged the challenges ahead but said 2026 “is also a year of growth in many ways.”
“We will have more patients this year than ever before, we will produce more than last year and years before that,” he said.
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Doustdar said around 246,000 patients are currently on the company’s Wegovy pill, which launched at the beginning of January and is already outpacing the early rollouts of existing GLP-1 injections.
“This, of course, tells me that while the investors are feeling a bit of a headwind on the pricing side and the whole business as you’re alluding to, they are hopefully getting convinced that over a period of time that would wash out and that growth will come,” Doustdar said.
Telehealth firms like Hims have profited massively from selling so-called compounded versions of injectable semaglutide under a regulatory loophole that allows other companies to sell copycats of the drugs if the branded medicines are in short supply. While branded semaglutide injections are no longer in short supply after a notable demand spike, the companies have continued to mass market cheaper versions directly to consumers, raising legal questions.
“We understand why compounding, mass compounding, got started. It was on the back of a shortage. We really don’t understand why it continued,” Doustdar told CNBC on Wednesday, noting that Novo’s opposition has nothing to do with medically necessary compounding for individual cases.
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Hims last week announced plans to sell a compounded version of Novo’s newly launched Wegovy pill for roughly $100 less than Novo sells the branded version for, though it quickly backed down after Novo said it would sue over patent infringement and the FDA announced a broader crackdown on compounding. The agency also said it had referred Hims to the Department of Justice over potential violations.
The Hers website arranged on a laptop in New York, US, on Wednesday, Feb. 12, 2025.
Gabby Jones | Bloomberg | Getty Images
Novo moved to sue Hims on Monday over compounded versions of both injectable and oral semaglutide, adding to more than 130 lawsuits the drugmaker has filed against pharmacies, wellness clinics and other firms unlawfully marketing those copycats.
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“The news last Thursday about the pill… was seen as kind of the last straw for many people,” Rothschild & Co Redburn analystSimon Baker told CNBC.
From the point of view of U.S. regulators, removing cheaper drugs from the market at a time when the Trump administration has made lower drug prices for Americans a priority might not have been an easy sell, Baker said.
But, “when we got the move on the pill, there was a realization that this has just gone a little bit too far,” he added. “You can’t have people launching knock-off versions of pills five weeks after the brand gets launched.”
“That would destroy the industry.”
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If Novo can get the compounding issue under control, the company can potentially win back some market share and turn things around for sales projections, said BMO Capital Markets analyst Evan Seigerman.
Doustdar called it “a very strong signal” that the government acknowledged the compounding fight with Hims and “articulated that very publicly. We welcome that.”
Of course, a government crackdown on compounding wouldn’t clear the way for Novo alone.
Lilly’s obesity drug Zepbound already enjoys significant market share, and the company is preparing to launch its own oral version.
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The market share race
A combination image shows an injection pen of Zepbound, Eli Lilly’s weight loss drug, and boxes of Wegovy, made by Novo Nordisk.
Hollie Adams | Reuters
The battle for U.S. market share could amount to a must-win for Novo — the weight loss segment accounted for more than half of its sales in 2025.
Lilly is estimated to have around 60% of the branded GLP-1 market globally, while Novo has about 39%. Novo has also highlighted a gap in the “preference share” for Wegovy versus Lilly’s injections.
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Lilly’s obesity drug Zepbound has shown more pronounced weight loss than Wegovy and has become the preferred medicine among patients and prescribers, despite launching years after Novo’s drugs.
In the U.S., Novo estimates that between 7 and 8 patients out of 10 go to Lilly.
Meanwhile, in the compounding market, the share of copycats for Novo’s drug far outweighs that of Lilly’s.
“It’s a curious question as to why in the branded market, Lilly has a much bigger share than Novo but in the compounded market, there’s a lot more of Novo’s molecule than there’s of Lilly’s,” Baker noted. “We don’t know the answer.”
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Novo is banking on the Wegovy pill to help with its eroding market share and says it’s already reaching entirely new patients. Doustdar has said that 88% of people on the pill are taking the lowest starter dose of the drug, signaling that many patients have been waiting on oral options.
Lilly is expected to launch its rival weight loss pill, orforglipron, in the second quarter of 2026. Investors are closely watching how that will pan out, especially as Novo has lost its first-mover advantage before.
“They’re putting a lot of muscle behind the marketing of [Wegovy pill], including now a reinvigorated direct-to-consumer channel, which they were a little bit late to arrive at,” TD Cowen analyst Michael Nedelcovych told CNBC. “That seems to be paying dividends.”
Still life of the new Wegovy semaglutide tablets on a white background. Its a prescription medicine used with a reduced calorie diet and .and physical activity.
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Michael Siluk | Universal Images Group | Getty Images
Doustdar touted the pill’s efficacy, which is on par with the Wegovy injection and superior to Lilly’s oral drug based on separate clinical trials. The Wegovy pill showed around 16.6% weight loss on average compared to roughly 12.4% on average with Lilly’s oral drug.
“If you use these two numbers, basically you have a 40% difference between the efficacy of these pills,” he said. “I think this is going to be a very main, main selling point of the pill.”
When Lilly eventually launches orforglipron, its primary marketing point will likely be aimed at convincing customers that the Wegovy pill is inconvenient because of certain food restrictions. That makes Novo’s head start extra important as it offers them a chance to lay the groundwork and convince people of the contrary.
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Novo contends that those dietary requirements won’t hinder uptake. But Leerink Partners analyst David Risinger told CNBC last week that it could help Lilly’s pill eventually generate greater sales globally.
Still, while sales of both companies’ drugs may soar, prices are coming down across the board.
U.S. pricing headwinds
The GLP-1 market is facing broad price erosion following landmark “most favored nation” deals between companies and the Trump administration. It’s unclear how much of the price decline can be offset by volume increases.
“No matter how well we do initially to catch up with the price decrease … of course mathematically, [it] takes a bit of time,” Doustdar said, adding the company is “very hopeful” and “working day and night to accelerate those volume uptakes.”
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Analysts largely believe Novo is being intentionally cautious with its sales projections, baking in the expected pricing pressures.
“There are a number of pushes and pulls in 2026, some have quite high visibility, some have lower visibility… I think Novo have added in the things of high visibility more than the things of low visibility,” said Baker.
Where there’s higher visibility is where pricing is coming down, generics in Canada and a few other markets, and restrictions on Medicaid for some of their drugs, Baker said: “They’ve got these negatives in quite fully.”
“Given the problems they had last year, they don’t want to overpromise and underdeliver,” he said.
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Novo’s guidance likely doesn’t include any reduction in the volume of compounded drugs on the market, as the FDA’s announcement of its “decisive steps” to restrict GLP-1 compounding came after the guidance was released.
But the price sensitivity of consumers for weight loss drugs remains a big unknown, which makes greater volumes and more access points important.
Novo is anticipating Medicare coverage for weight loss treatments, expected to begin later this year, to open up a 15 million-patient opportunity, Doustdar told CNBC.
Around 67 million Americans are covered by Medicare, but “when you take a look at specifically our products and the target group, I think around 15 million people would be a good number to target,” Doustdar said. Though he said Medicare access to obesity treatments will open up gradually.
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Next-generation treatments
Flags with the logo of Novo Nordisk flutter next to the company’s factory in Hillerod on Nov. 12, 2025.
Sergei Gapon | AFP | Getty Images
Novo is also pinning its hopes on other drugs in its pipeline to help it claw back market share. That includes a higher dose – 7.2 milligrams – of Wegovy, which is waiting for FDA approval and could make the drug a stronger competitor to Zepbound.
Doustdar said that higher dose helps patients lose around 21% of their weight, which is “very much on par” with the highest dose of Zepbound. Wegovy, under its approved doses, has shown around 15% weight loss on average in clinical trials.
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“When that comes to the market, my thought, my wish, my hope is that people will realize, OK, now we have two products with similar efficacy,” Doustdar said.
He added that “hopefully will also change the dynamic as we go forward,” referring to the market’s increasing preference for Zepbound.
BMO’s Seigerman said it’s difficult to say whether that will be the case, as Zepbound is already entrenched as the best product in the injectable market.
Later this year, Novo expects its next-generation treatment called CagriSema to enter the market. That experimental weekly injection combines semaglutide with cagrilintide, which mimics another gut hormone called amylin.
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Novo Nordisk has defended CagriSema’s trial results, which disappointed investors, coming in under the expected 25% weight loss on average.
On Wednesday, Doustdar said the company was “penalized quite harshly by the stock market” for those results, which showed around 23% weight loss. But he said the drug would be “one of the best products out there” if it were available today.
To assess the real efficacy of the drug, “you need to look at all the data together,” he added, pointing to three upcoming phase three trials for the drug, including one study that pits CagriSema against Zepbound.
When asked whether Novo needs to further diversify away from obesity like competitors, Doustdar argued that the company doesn’t see obesity or diabetes as a single, monolithic disease and sees more opportunity in developing multiple, specialized therapies within the category.
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While the world labels millions of patients simply as “obese,” he said the underlying biology and severity of the condition vary widely – from someone who needs to lose a modest amount of weight to someone with severe complications like fatty liver disease requiring a transplant.
And as the market matures, Novo’s sales are still growing year-on-year on a constant currency basis, albeit at a slower pace than before. Only time will tell when, or if, that will change.