This study is being done to look at the effect and safety of different doses of NNC0662-0419 in people living with type 2 diabetes when compared to placebo or semaglutide. The purpose of this clinical study is to find out if NNC0662-0419 is effective and safe for treating people living with type 2 diabetes. Participants will get either NNC0662-0419, semaglutide or placebo. Which treatment participants get is decided by chance. NNC0662-0419 is a new medicine which cannot be prescribed by doctors but has previously been tested in humans. Semaglutide is an approved medication to treat type 2 diabetes.
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Change in glycated haemoglobin (HbA1c) (week 16)
Timeframe: From baseline (week 0) to week 16
Change in HbA1c (week 28)
Timeframe: From baseline (week 0) to week 28
Change in HbA1c (week 40)
Timeframe: From baseline (week 0) to week 40