Novo drops to 1-month low after Monlunabant trial data
** Shares in Novo Nordisk NOVOb.CO drop 4% to a hit a one-month low after the Danish drugmaker reports data from its Monlunabant phase 2a obesity trial
** Novo reported 7.1 kg weight loss after 16 weeks treatment, from a baseline of 110 kgs
** Nordnet analyst Per Hansen says that result is "not what optimists are looking for"
** He adds that competition is intensifying and investors are getting more cautious about the potential
** Shares are trading at their lowest level since early August 2024
Reporting by Greta Rosen Fondahn
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