Why is the market so illogical around Novo Nordisk?
Ozempic and Wegovy (same thing more or less I know) look to be wonder drugs. I know of people who are for the first time in their lives seeing astonishing improvements.
Most importantly they are starting to be trusted by GPs and Doctors. Medic's dont prescribe what is flashy or new or over the counter they prescribe what has clinical evidence on what they trust. It is starting to be freely prescribed.
It is likely these types of drugs for most people will never be over the counter ever. Maybe in some very diluted dose but that remains to be seen. The market is too focused on irrelevant things.
Statins not over the counter and they are around since the 1970s.
Once it passes the hurdles in that it demonstrably reduces healthcare inflation (that is a huge sticky hurdle requiring the best part of a decade to clear). It will see mass adoption. Its locked up in private insurance as a optional extra and once the bean counters at the massive insurance companies calculate that by prescribing it you will pay less on premiums it will trigger vast volumes. Even if it becomes generic they are well placed to maintain leads.