Novo Nordisk Halts Ozempic Kidney Trial. Why It's Bad for DaVita Stock.

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Novo Nordisk Halts Ozempic Kidney Trial. Why It's Bad for DaVita Stock.
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Novo Nordisk’s Ozempic already is poised to disrupt a range of industries via its weight-loss benefits. Now it threatens companies which treat kidney failure.

Novo Nordisk’s Ozempic already is threatening to disrupt a range of industries via its weight-loss benefits. Now it looks set to threaten companies which treat kidney failure.

However, scientists are still working on other uses for the drugs. Novo Nordisk said late Tuesday that Ozempic showed sufficient success in a trial for kidney failure in diabetes patients that it would stop the study early.

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