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Novo Nordisk A/S named its head of international operations as chief executive officer after slumping weight-loss drug sales led to a profit warning that wiped $93 billion off its market value. The Danish drugmaker promoted Maziar Mike Doustdar, who has spent more than three decades with the company, to the top spot. The surprise choice disappointed investors who were hoping for a high-profile outsider to lead a fresh challenge to Eli Lilly & Co., which has been pulling ahead of Novo in the obesity market. Bloomberg's Michael Shah reports. The appointment came shortly after Novo slashed its financial forecast, predicting this year’s sales will grow 8% to 14%, while operating profit expands 10% to 16%, based on constant exchange rates. That compares with its previous growth forecasts of as much as 21% and 24%, respectively. Shares of Novo plunged as much as 30% in Copenhagen, the biggest intraday drop on record. Doustdar said he plans to “increase the sense of urgency and execute differently,” and his top priorities will be advancing Novo’s drug pipeline, innovation and investing to deliver growth. The new CEO, who takes over on Aug. 7, also said on a call with journalists that he’s planning to review the company’s cost base, without citing specific targets for cuts. That indicates Novo is preparing for a period of slower growth after the initial surge of demand for its blockbuster obesity drug, Wegovy, that briefly made the company Europe’s biggest by market value. “Analysts will start to question both near-term and longer-term obesity expectations that have ballooned out of control,” said Jared Holz, a health-care strategist at Mizuho Securities USA LLC. Holz and other analysts questioned whether an insider will be able to restore investor confidence. Given the company’s recent struggles, “we are surprised by the choice of an internal candidate,” said Benjamin Jackson, an analyst at Jefferies LLC. Novo announced the ouster of former CEO Lars Fruergaard Jorgensen in May, seeking a reset following a string of setbacks. Though Doustdar, 54, is an insider at Novo, he brings a more international background than some of the company’s previous leaders. He’s Iranian-born, with Austrian citizenship. Novo’s past CEOs have all been Danish and were intertwined with the company prior to taking over. Two were sons-in-law of previous company leaders. After enjoying an early advantage as a first mover in the obesity drug market, Novo is struggling with competition as Lilly’s Zepbound wins market share over Wegovy. Lilly also appears better positioned to dominate for years to come. It has an easy-to-take weight-loss pill that will come to market as soon as early 2026 and it’s studying a shot that’s shown signs of being as effective as bariatric weight-loss surgery. Novo’s own next-generation candidate, CagriSema, has fallen short of both the company’s and analysts’ hopes in clinical trials. The company is also facing competition from compounding pharmacies that are allowed to make copies of drugs when they are in short supply. Novo estimates about 1 million patients in the US are using compounders in the US market, Chief Financial Officer Karsten Munk Knudsen said on a call. Novo said it will fight compounding in the courts and invest in its own direct-to-patient marketing efforts. Novo has said a new contract with CVS Health Corp. for Wegovy would drive volume from July 1. The slashed forecast reflects competition for both Wegovy and its sister drug Ozempic for diabetes, the company said. The drugmaker also cited slower than expected market growth for weight-loss drugs. Novo’s sales climbed 18% in constant currencies in the second quarter, the company said, with operating profit rising 40%. The company will publish complete second-quarter results on Aug. 6. The foundation that controls the company pushed for Jorgensen to go and instated his predecessor, Lars Rebien Sorensen, as an observer on Novo’s supervisory board. Sorensen is set to return as a full board member next year. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

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Have you ever heard about Keto ABC Gummies? If not, you are missing out on one of the most exciting health trends in America right now. These gummies claim to be a breakthrough in weight loss and overall health management, and have even been featured on the hit TV show Shark Tank. With such high praise and attention, it’s no wonder that people are scrambling to get their hands on these powerful little gummies. But what exactly are Keto ABC Gummies, and do they live up to the hype? Let’s delve deeper into this innovative product and find out what makes them so special.

What are Keto ABC Gummies?

Keto ABC Gummies are a new and innovative way to support your ketogenic diet. Made with a unique blend of natural ingredients, these gummies are designed to help your body enter and stay in a state of ketosis. This means that your body will be burning fat for energy instead of carbohydrates, which can lead to rapid weight loss and improved overall health. Keto ABC Gummies are easy to incorporate into your daily routine and are a convenient way to support your keto lifestyle.

One of the key ingredients in Keto ABC Gummies is beta-hydroxybutyrate (BHB), which is a ketone that your body naturally produces during ketosis. By supplementing with BHB, you can help your body get into ketosis faster and stay there longer. This can lead to increased energy levels, improved mental clarity, and of course, weight loss. In addition to BHB, Keto ABC Gummies also contain other natural ingredients such as green tea extract, Garcinia Cambogia, and apple cider vinegar, all of which are known for their weight loss and health benefits.

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When you consume Keto ABC Gummies, the BHB in the gummies is quickly absorbed into your bloodstream. This signals your body to start burning fat for energy instead of carbohydrates, which can lead to rapid weight loss. In addition, the other natural ingredients in the gummies work together to support your overall health and well-being. Green tea extract is known for its metabolism-boosting properties, Garcinia Cambogia can help suppress your appetite, and apple cider vinegar has been shown to promote gut health.

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By taking Keto ABC Gummies regularly, you can help your body stay in ketosis longer, which can lead to even greater weight loss and health benefits. These gummies are a convenient and delicious way to support your ketogenic diet and improve your overall health. If you have been struggling to lose weight or maintain a healthy lifestyle, Keto ABC Gummies may be the solution you have been looking for.

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If you are following a ketogenic diet or are interested in trying keto for weight loss or health reasons, Keto ABC Gummies could be a great addition to your daily routine. These gummies are easy to take and can help support your body’s natural fat-burning processes. However, it is important to remember that no supplement can replace a healthy diet and regular exercise. While Keto ABC Gummies can be a helpful tool in your weight loss journey, they should be used in conjunction with a healthy lifestyle for the best results.

Before starting any new supplement regimen, it is always a good idea to consult with your healthcare provider to make sure that the product is right for you. If you have any underlying health conditions or are taking medications, it is especially important to talk to your doctor before starting Keto ABC Gummies. With their blend of natural ingredients and powerful benefits, these gummies have the potential to support your health and weight loss goals, but it is always best to err on the side of caution when starting a new supplement.