Is Novo Nordisk Still an Attractive Investment?

Is Novo Nordisk Still an Attractive Investment?

The market has been enthusiastic about big pharma stocks like Johnson & Johnson and Pfizer so far this year. But shares of Danish drugmaker Novo Nordisk have only climbed a modest 6% year to date. Part of the stock's lackluster performance comes down to the Food and Drug Administration's rejection of its long-acting insulin Tresiba earlier this year. The drug has been launched in some international markets, but failing to get it on the U.S. market this year has been a blow to the company's near-term-revenue growth. Nevertheless, the stock's current valuation and long-term opportunities could be attractive to some investors. In the following video, analysts Simon Erickson and Max Macaluso discuss reasons to be optimistic about Novo Nordisk's long-term prospects.

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Max Macaluso, Ph.D. has no position in any stocks mentioned. Simon Erickson owns shares of Novo Nordisk. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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