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Novo said last week that CagriSema was "well-tolerated" and that the most common adverse effects were gastrointestinal, but they were "mild to moderate and diminished over time." "Investors are looking for treatment options that are best in class and will secure Novo's place in the obesity drug market," Soren Lontoft, pharma equity analyst at Sydbank, told CNBC over the phone Tuesday

The transition is typically gradual rather than sudden because the medication has a seven-day half-life, giving your appetite hormones time to readjust over four to five weeks

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Nausea is the most common early sign