Maker of blockbuster Wegovy and Ozempic treatments reports 21% rise in third-quarter sales
Novo Nordisk maintained its sales growth momentum on booming sales of its weight loss and diabetes drugs, as it reported revenue and operating profit broadly in line with analysts’ expectations. The maker of the blockbuster Ozempic and Wegovy drugs has benefited in recent years from huge demand for its products. It reported sales of DKr71.3bn in the third quarter, up 21 per cent from the same period in 2023 but slightly lower than analysts’ projections. Operating profit of DKr33.
Novo Nordisk’s revenue growth was driven by sales of its weight-loss drug Wegovy, which accounted for DKr17.3bn of sales, above analyst estimates of DKr15.8bn. “The sales growth is driven by increasing demand for our GLP-1-based diabetes and obesity treatments, and we are serving more patients than ever before,” said chief executive Lars Fruergaard Jørgensen.
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