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Novo Nordisk Leans on Wegovy’s New MASH Indication and First Oral Obesity Pill to Rebound in 2026

The expanded labels create a path to recapture GLP-1 momentum after a tough 2025.

Overview

  • U.S. regulators cleared Wegovy for metabolic dysfunction‑associated steatohepatitis, adding a liver disease indication to the brand.
  • An oral formulation of semaglutide won approval for weight loss, becoming the first oral GLP‑1 therapy authorized for obesity.
  • A higher‑dose injectable Wegovy is still under regulatory review, pointing to potential additional label expansion.
  • Madrigal’s Rezdiffra generated $287.3 million in Q3 2025, highlighting the commercial potential of the MASH category Wegovy now enters.
  • Novo Nordisk lost GLP‑1 market share to Eli Lilly in 2025, and the new approvals are expected to help reaccelerate sales in 2026.