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Nordisk ›Is there a more popular health trend right now than GLP-1 agonist obesity drugs such as Ozempic? Probably not. Ironically, though, investing in Ozempic, or rather in its manufacturer, Novo Nordisk (NYSE: NVO), hasn't gone very well this year.Shares have fallen by 40% in 2025. Competition from Eli Lilly's similar drug, Zepbound, and from telehealth companies selling compounded versions of Ozempic pressured Novo Nordisk's business to the point that the company fired its CEO earlier this year.Investing in a cold stock like Novo Nordisk can feel a bit scary, but things could be starting to heat up again for the pharmaceutical giant.Image source: Novo NordiskNovo Nordisk shares jumped on Tuesday following news that the Food and Drug Administration (FDA) had formally approved its application to sell a pill form of Wegovy in the United States. Wegovy is the same drug as Ozempic -- generically called semaglutide -- but while the latter is approved to treat type 2 diabetes, Wegovy is the brand intended to be prescribed for weight management.The FDA's decision is a big deal for several reasons. First, the Wegovy pill will be the first oral GLP-1 drug on the market. In a phase 3 trial of the treatment, participants showed a mean weight loss of 16.6% over 64 weeks, and one in three lost 20% or more. Second, most patients will likely prefer taking a daily pill to injections.This new version of the drug will give Novo Nordisk a crucial tool to push back against the pressure it has faced from competition. Eli Lilly is seeking FDA approval for its oral obesity drug, and could get it as soon as March, but Novo Nordisk has won the race to market. In the meantime, Wegovy could quickly gain traction, which would help Novo Nordisk even if it remains the only approved pill of its kind for a limited time.The Wegovy pill will be available for patients in early January, and Novo Nordisk's CEO has said the company has already built up enough supply to support an aggressive product launch. "We have more than enough pills this time," he said.Novo Nordisk's business has clearly felt the heat of competition. Its revenue growth has steadily slowed for over a year. However, based on the headlines and the stock performance, it would be easy to believe that the business has collapsed, and that's simply untrue.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,929.94 -2.11 (-0.03%)Dow 3048,710.97 -20.19 (-0.04%)Nasdaq23,593.10 -20.21 (-0.09%)Russell 20002,534.35 -13.74 (-0.54%)VIX13.60 +0.13 (+0.97%)Gold4,552.70 +49.90 (+1.11%)Trending tickersBTC-USD Bitcoin USD 87,786.98 +443.64 (+0.51%)ETH-USD Ethereum USD 2,943.55 +18.02 (+0.62%)XRP-USD XRP USD 1.87 +0.03 (+1.45%)CVNA Carvana Co. 438.47 -3.10 (-0.70%)SOL-USD Solana USD 124.33 +2.34 (+1.92%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)ZETA Zeta Global Holdings Corp. 20.70 +1.59 (+8.32%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.10 +0.19 (+3.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events