Novo-Nordisk Stock Jumps Another 3%. Shares Have Gained over 9% For The Week

Novo-Nordisk stock jumped another 3% in premarket trading. Shares have gained over 9% for the week.

Danish drugmaker Novo Nordisk is launching its once-daily Wegovy pill in the United States on Monday, offering doses of 1.5 milligrams and 4 mg at $149 per month for self-paying patients in an intensely competitive weight-loss drug market.

The pill was approved by the U.S. Food and Drug Administration last month, a boon to Novo Nordisk as it looks to regain ground lost to U.S. rival Eli Lilly. Lilly has previously said it expects a decision in March for its own weight-loss pill.

Novo's pill will also be sold in 9 mg and a higher long-term dose of 25 mg. The two higher doses will be priced at $299 for a month's supply, while the 4 mg dose will rise to $199 from April 15, the drugmaker's website shows.

The Wegovy pill could attract new consumers as Novo looks to revive its fortunes after profit warnings and sliding shares last year. The treatment offers more flexibility and an alternative for those who dislike needles used in injectable medication.

The once-daily pill is also under review by other regulators, with a UK decision due by year-end.