Obesity Drug Wegovy's Triumph To Bring $12B To Novo Holdings In Years Ahead: CEO
Portfolio Pulse from Vandana Singh
Novo Holdings, the controlling shareholder of Novo Nordisk A/S, is expecting a significant influx of capital due to the success of the weight-loss drug Wegovy. The company's CEO projects a financial boon exceeding $12 billion in the upcoming years. Novo Nordisk's share price has nearly tripled since the launch of Wegovy in June 2021, making it Europe's most valuable listed company. Novo Holdings holds 28.1% in economic shares and 76.9% in voting shares in Novo Nordisk.
October 03, 2023 | 4:17 pm
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Novo Nordisk's share price has nearly tripled since the launch of Wegovy in June 2021, making it Europe's most valuable listed company. The company's controlling shareholder, Novo Holdings, is expecting a significant influx of capital due to the drug's success.
The success of the weight-loss drug Wegovy has significantly boosted Novo Nordisk's share price. This is expected to result in a significant influx of capital for Novo Holdings, the company's controlling shareholder.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Viatris Inc, via its subsidiary Mylan Pharmaceuticals, had instigated challenges arguing that the patents for the main ingredient in Wegovy and Ozempic should be invalidated.
Viatris Inc's challenge to the patents for the main ingredient in Wegovy and Ozempic could potentially impact Novo Nordisk's profitability from these drugs if the challenge is successful.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50