Health-care companies fell as traders hedged their bets on the outlook for growth in the sector.

Novo Nordisk said the European Union's drug regulator supports a label expansion of its Ozempic diabetes drug to reflect its potential to lower the risk of conditions related to kidney disease in adults with Type 2 diabetes.

Packaged-food giant ConAgra is planning to label some of its Healthy Choice frozen meals "GLP-1 friendly" in an effort to respond to the effect that the obesity drugs, made by Novo Nordisk, Eli Lilly and others, has on consumers' appetites.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-12-24 1813ET