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It's the first generic version of Ozempic a popular diabetes and weight-loss drug and 'pharmaceutically equivalent' to the brand-name version, the agency said.
We think Novos stock looks slightly overvalued after this announcement.
Drugs like Ozempic and Wegovy are making headlines for their ability to stimulate weight loss
Current expectations point to FDA review and potential approval in the 2027 to 2028 range
