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Novo Nordisk announced its latest earnings to investors today. Ozempic & Wegovy sales now total $49.74 billion since Ozempic’s 2018 launch. Stock buybacks and dividends total $44.38 billion over the same period. Meanwhile, Novo Nordisk’s self-reported research & development investments for the period across its entire portfolio total only $21.33 billion. On Monday, Public Citizen wrote to U.S.
Novo sells its semaglutide drugs at more than 100 times the estimated production cost, and with nearly $50 billion in sales, made up its R&D costs in the last few months alone. In fact, Novo’s self-enrichment through stock buybacks and dividends more than doubles the corporation’s entire R&D investments since Ozempic’s launch.”Separately, North Carolina State Treasurer Dale Folwell wrote to Sec.
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