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Novo Nordisk stock slides as its Alzheimer’s drug trials fail

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The pharma giant had previously labeled the drug trials a ‘lottery ticket,’ in a nod to the highly uncertain outcome. Novo Nordisk’s closely-watched Alzheimer’s trials of an older oral version of its semaglutide drug failed to help slow the progression of the brain-wasting disease, the firm said on Monday, a blow to the obesity drug giant that sent its shares sliding.