Food Empire clarifies reports on its purported plans to build new instant coffee factory in central Vietnam

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McDonald's officially adds $5 value meal to menu
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Novo Nordisk says Wegovy wins China approval
STORY: China has approved the sale of popular weight-loss drug Wegovy.That's according to Danish drugmaker Novo Nordisk on Tuesday.In March, Novo said it would initially focus on patients paying out-of-pocket for the weekly injectable drug once approved in the country.The company did not immediately respond to a Reuters request for comment on its launch plan.It also didn't elaborate on costs and expected supplies of the weight-loss treatment in China.The latest approval comes at a key point for Novo in the Chinese market.Its patent there on active ingredient semaglutide will expire in less than two years. Local drugmakers have also raced to develop generic versions, and Novo faces competition from U.S. rival Eli Lilly.Novo has grown massively in recent years to become Europe's most valuable company.Another of its drugs, Ozempic, won approval from Beijing three years ago.Novo saw sales of the product in the greater China region double to $698 million last year.
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CATL boss Robin Zeng urges China's EV makers to stop cutting prices and focus on reliability
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Food Empire clarifies reports on its purported plans to build new instant coffee factory in central Vietnam

Latest stories

Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue

In race to regain rare earth glory, Europe falls short on mineral goals

Shipping Rates Are Soaring. Will They Refuel Inflation?

Stellantis boss Maria Grazia Davino warns UK production could end over EV rules

Singapore port congestion shows global ripple impact of Red Sea attacks

Volkswagen to invest $5bn in Tesla electric car rival

Oil eases as stock build raises spectre of slower US demand

World’s best airline for 2024 named at ‘the Oscars of aviation’

Tencent's Roco Kingdom: World among 104 new video games approved by Beijing in June

McDonald's officially adds $5 value meal to menu

Oil prices settle higher, but gains capped by surprise inventory build, dollar

India plans to expand production-linked incentives for small textile firms: minister

Oil prices dip amid dollar strength; US inventory build spurs demand fears

Toyota recalls 145,000 Toyota, Lexus SUVs due to an airbag problem: See affected models

U.S. crude imports touch two-year high despite lukewarm demand

Lawmakers to vote on if Medicare could cover obesity drugs

Novo Nordisk says Wegovy wins China approval

Oil settles slightly up as global supply risks offset US demand concerns

Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks

CATL boss Robin Zeng urges China's EV makers to stop cutting prices and focus on reliability