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CEO of Novo Nordisk, maker of weight loss drug Wegovy, to step down in wake of share price drop

At the peak, the company's market capitalization exceeded Denmark's annual gross domestic product and made it Europe's most valuable company

Boxes for the medications Wegovy and Zepbound are arranged for a photograph in California on Thursday, May 8, 2025. (AP Photo/JoNel Aleccia)
Boxes for the medications Wegovy and Zepbound are arranged for a photograph in California on Thursday, May 8, 2025. (AP Photo/JoNel Aleccia)
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The Danish company is citing a steep decline in the company’s share price.

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