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Novo Nordisk reported mixed earnings for the third quarter of 2024 but beat Wall Street revenue expectations for its blockbuster weight-loss drug, Wegovy.Novo announced an earnings per share beat ...
Novo Nordisk (NYSE: NVO) Q2 2024 Earnings Call Aug 07, 2024, 7:00 a.m. ET. ... my understanding was Nova has been very conservative in revenue recognition from the 340B leaving risks very much to ...
Novo Nordisk also boasted a 55.6% share of the GLP-1 drug space, compared to 54.4% as of August 2023. The company's most famous brands, Wegovy and Ozempic, are both GLP-1s.
Novo Nordisk is the largest pharmaceutical company in Denmark. [14] Novo Nordisk's market capitalization exceeded the GDP of Denmark's domestic economy in 2023, and it is the highest valued company in Europe. [15] Revenue in 2023 was 33.724 billion USD.
Sales of Ozempic were up 31% year over year, coming in at $4.2 billion, or over half of the $7.4 billion of total diabetes care sales. Wegovy sales, meanwhile, were up 55%, coming in at $1.7 ...
Novo Nordisk (NYSE: NVO) ... Last year, it was mainly Ozempic and Wegovy that were responsible for Novo Nordisk's top-line growth. Insulin revenue declined by 9%, and sales of Victoza and Saxenda ...
The drugs, known as GLP-1s, have brought in $50 billion in revenue for Novo Nordisk year to date alone, but the high prices ($1,349 for Wegovy and $968 for Ozempic) have put them out of reach for ...
Novo Nordisk's growth rate could be much more modest Novo Nordisk's sales through the first three months of 2024 totaled 65.3 billion Danish krone ($9.8 billion) and rose 22% year over year.