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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Novo Nordisk AS    NOVO B   DK0060534915

NOVO NORDISK AS

(NOVO B)
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Novo Nordisk : Trial shows cardiovascular safety with Novo Nordisks diabetes drug

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06/13/2019 | 06:36am EDT

Novo Nordisk has reported that its oral semaglutide medicine showed non-inferiority compared to placebo in major adverse cardiovascular events (MACE) during the PIONEER 6 clinical trial in type 2 diabetes patients.

The trials primary endpoint was the MACE composite outcome of the first occurrence of cardiovascular death, non-fatal myocardial infarction or non-fatal stroke.

PIONEER 6 met the endpoint with a hazard ratio of 0.79 in favour of semaglutide compared to placebo.

The data is an aggregation of 137 first major adverse cardiovascular events and a median follow-up of 16 months.

Oral semaglutide is an investigational glucagon-like peptide-1 (GLP-1) analogue formulated as a pill.

The randomised, double-blinded, placebo-controlled, event-driven, pre-approval cardiovascular outcomes trial compared the cardiovascular safety of the therapeutic to placebo when added to standard of care. It recruited a total of 3,183 patients at high risk of cardiovascular events.

According to the findings, the MACE was driven by its individual components.

Cardiovascular death events were 15 with oral semaglutide compared to 30 with placebo, while non-fatal stroke events were 12 versus 16.

However, the number of non-fatal myocardial infarctions with the therapeutic was not significantly different to placebo, with the numbers being recorded at 37 and 31, respectively.

In addition, the oral semaglutide group showed significantly lower all-cause deaths compared to patients on placebo.

During the trial, the safety profile of Novo Nordisks drug was consistent with that of the GLP-1 receptor agonist class and similar to subcutaneous semaglutide.

Novo Nordisk executive vice-president and chief science officer Mads Krogsgaard Thomsen said: The results of PIONEER 6 further strengthen the overall clinical evidence for oral semaglutide, building upon the strong clinical data reported throughout the PIONEER clinical trial programme.

We are excited about the potential of oral semaglutide to become the first and only oral GLP-1 treatment for people with type 2 diabetes.

The PIONEER clinical development programme involved 9,543 type 2 diabetes patients in ten trials.

(c) 2003-2019 SudanTribune - All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (DKK)
Sales 2019 121 B
EBIT 2019 52 731 M
Net income 2019 39 094 M
Finance 2019 11 374 M
Yield 2019 2,43%
P/E ratio 2019 21,1x
P/E ratio 2020 18,3x
EV / Sales2019 6,70x
EV / Sales2020 6,27x
Capitalization 821 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 367,82  DKK
Last Close Price 347,15  DKK
Spread / Highest target 29,6%
Spread / Average Target 5,95%
Spread / Lowest Target -35,8%
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Managers
NameTitle
Lars Fruergaard Jørgensen President & Chief Executive Officer
Helge Lund Chairman
Maziar Mike Doustdar Executive Vice President-International Operations
Karsten Munk Knudsen Chief Financial Officer & Executive Vice President
Mads Krogsgaard Thomsen Chief Science Officer & Executive Vice President
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