Ozempic Maker Novo Nordisk Has Denmark's Economy Hooked [BNN Bloomberg (Canada)]
Novo Nordisk A/S (NVO)
Last novo nordisk a/s earnings: 2/5 01:31 am
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Source: BNN Bloomberg
They've won over the rich and famous, generated billions in sales and blown open a new market for weight loss drugs, which Goldman Sachs estimates will reach $100 billion a year by 2030. The development of semaglutide, the key ingredient in the medicines, has also transformed their maker, Novo Nordisk, into Europe's most valuable company, with profound implications for its home country of Denmark. Novo's market capitalization of more than $570 billion is bigger than the Danish economy. Its philanthropic foundation is now the world's largest, with assets twice those of the Gates Foundation. The drugmaker's income tax bill in Denmark last year was $2.3 billion, and its massive investments and heightened production helped the domestic economy expand almost 2% — more than four times the EU average. That drove record government spending on defense, the green transition and support for Ukraine. Without Novo's contribution, the Danish economy would have stagnated. Little in Denmark can
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NVO
News
- Senators place blame for sky-high drug prices on abuse of the patent system [MSNBC.com]MSNBC.com
- Hims & Hers rolls out weight-loss shots much cheaper than Ozempic, Wegovy [Yahoo! Finance]Yahoo! Finance
- Nestlé's new foods are getting Ozempified, with slashed portions priced specifically for those on weight-loss drugs [Yahoo! Finance]Yahoo! Finance
- Healthy Returns: Eli Lilly, Novo Nordisk are competing to develop more convenient weekly insulins [CNBC]CNBC
- Nestlé's new foods are getting Ozempified, with slashed portions priced specifically for those on weight-loss drugs [Fortune]Fortune
NVO
Earnings
- 5/3/24 - Beat
NVO
Sec Filings
- 5/17/24 - Form 6-K
- 5/17/24 - Form SD
- 5/15/24 - Form 6-K
- NVO's page on the SEC website