FMC jumps after Novo Nordisk says Ozempic slows down kidney disease in trial
** Shares in German dialysis provider Fresenius Medical Care (FMC) FMEG.DE jump more than 7% after trial results showed Novo Nordisk's NOVOb.CO Ozempic slowed kidney disease progression in patients with type 2 diabetes
** Ozempic is a diabetes drug that has the same active ingredient as Novo's weight loss drug Wegovy
** "My interpretation would be that the dialysis patients then have a longer life expectancy and can be treated longer by FMC," a trader says
** An analyst at UBS also points to the late-stage trial results published in the New England journal of medicine
** FMC's shares top the German mid-cap index .MDAXI
Reporting by Isabel Demetz and Marleen Kaesebier
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