The reason why NOVO NORDISK stocks are soaring today

stock Novo Nordic (NGO 3.99%)) It happened on Tuesday. The company’s shares gained 3.9% at 2:40 pm and rose before 4.5% today. Move up S & P 500 and Nasdaq composite Each has increased to 0.7%.

Pharma Giant signed a contract with a telemedicine provider and provided the blockbuster GLP-1 drug Wegovy through the platform.

NOVO NORDISK will have a partner relationship with a digital provider.

Novo Nordisk announced a partner relationship with Digital Health Providers to simplify the access to Wegovy after the US tribe was alleviated. NOVO will also provide consumer access directly through Novocare Online Pharmacy, and customers can purchase at a discounted price of $ 499 per month.

Betting on convenience

This is an effort to capture numerous consumers to flock to the remote health platform and access the composite version (essentially produced by a third party) after the platform is insufficient. NOVO NORDISK has partnered with a well -known remote healthy company to regain its market share and increase the loyalty of patients.

DAVE MOORE, vice president of the US operating US operating director of Novo Nordisk, said to reporters, “I felt that it was really important to work hard to cooperate with remote healthy companies to catch people while leaving complex medicines.”

Trade tension can hurt the company’s profits.

I think this is a wise movement that can be better competing in the Uber-Lucrative GLP-1 space. The company shows that you can meet customers in where you are.

But competition with competitors is growing, and ongoing trade wars can affect the company’s margin. I will stop now until trade tension is resolved or more clarity.