Page updated ·next FDA decision on the calendar·Data as of Oct 14, 2026 7:39 PM ET
Price into the decision (T-120)
Daily close, T-120 (2/28/25) through T+5. Run-up high $90.95 on 3/3/25, low $45.38 on 8/6/25 (T-120 to T-1). FDA decision 8/15/25. Historical price action, not a forecast.
Positioning before the decision
On Aug 1, 2025, 14 days before the decision date, at-the-money options priced a move of ±9.4% through Aug 22, 2025 (the first listed expiry after the decision; ATM implied volatility 50%). The stock closed +2.9% at the first close across the decision and +10.1% five trading days on. A straddle priced weeks out covers ordinary movement plus the event, so this is the move the options market priced through that expiry, not the event-implied move alone. How this compares across 1,000+ decisions.
Every FDA approval letter and released Complete Response Letter we hold, by FDA action date: FDA approval letters.
Questions
Was Wegovy (semaglutide) injection approved by the FDA?
Yes. The FDA approved the application for Wegovy (semaglutide) injection on August 15, 2025, per the FDA's own record. The primary source is linked on this page.
What was Wegovy (semaglutide) injection under FDA review for?
The application covered Metabolic dysfunction-associated steatohepatitis (MASH). The FDA approved the application on August 15, 2025.
How did NVO stock react to the FDA decision?
On the decision day NVO moved +2.9%. That is the recorded reaction to this specific event. Historical measurement, not a prediction, and not investment advice.