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The Novo Nordisk Foundation is obligated to maintain its controlling ownership in the Novo Group's two largest companies: Novo Nordisk and Novozymes. The foundation owns class A and B-shares in Novo Nordisk corresponding to approximately 28 percent of the total equity and approximately 75 percent of the total voting rights.
Novo Holdings A/S (formerly Novo A/S) [1] is the Novo Nordisk Foundation's wholly owned holding company for Novo Nordisk A/S and Novozymes A/S. Novo Holdings A/S was established in 1999 and manages the Novo Nordisk Foundation 's assets, which in 2023 was worth almost DKK 1,114 billion [ 2 ] [ 3 ] [ 4 ] Danish Kroner (approximately US$163 billion).
During his tenure as Chief Scientific Officer at Novo Nordisk, Mads Krogsgaard Thomsen played a significant role in the development of GLP-1-based therapies, including Ozempic and Wegovy. In the early 1990s, despite skepticism from company leadership regarding the potential of obesity treatments, Thomsen advocated for focusing on obesity as a ...
The Novo Nordisk Foundation has become a major philanthropic force as a result, with Novo Holdings’ €149 billion ($156 billion) in assets under management dwarfing the $75.2 billion endowment ...
The company, the investment arm of the Novo Nordisk Foundation, has 77% of voting shares in Novo Nordisk that makes the blockbuster obesity drug Wegovy and diabetes treatment Ozempic. Novo ...
Novo Holdings is the investment arm of Novo Nordisk's controlling shareholder, the Novo Nordisk Foundation. (Reporting by Sriparna Roy in Bengaluru; Editing by Vijay Kishore and Shailesh Kuber)
The Novo Nordisk Foundation is one of the largest foundations in the world and the foundation which is the majority shareholder in Novo Nordisk, Novozymes and NNIT (Novo Group) along with investments in more than 80 other companies within the life-sciences sector through its 100% owned subsidiary Novo Holdings A/S.
Novo Holdings, the investment arm of Novo's controlling shareholder, the Novo Nordisk Foundation, will buy Catalent's shares for $11.5 billion before including debt.