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Ozempic-maker Novo Nordisk to cut 9,000 jobs

Source: BBC

The maker of Wegovy and Ozempic, Novo Nordisk, has announced it will cut 9,000 jobs weeks after warning that profits will fall as more "knock-off" weight-loss drugs emerge.The redundancies make up 11% of the Danish company's workforce and mark the first major step by new chief executive Mike Doustdar as Novo Nordisk faces mounting pressures in the rapidly expanding weight-loss sector.Demand for weight-loss drugs…

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Read the original source at BBC