Novo Nordisk

Novo Nordisk A/S
Company typePublic
IndustryPharmaceuticals, Health care
Founded21 December 1923; 100 years ago (1923-12-21)
Headquarters
Bagsværd
,
Denmark
Key people
Products
RevenueIncrease 232.3 billion kr. (2023)
Increase 102.6 billion kr. (2023)
Increase 83.68 billion kr. (2023)
Total assetsIncrease 314.5 billion kr. (2023)
Total equityIncrease 106.6 billion kr. (2023)
OwnerNovo Holdings A/S (28%)
Number of employees
Increase 64,319 (end 2023)
Websitenovonordisk.com
Footnotes / references
[1][2]
Former logo

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd[3] with production facilities in nine countries and affiliates or offices in five countries. Novo Nordisk is controlled by majority shareholder Novo Holdings A/S which holds approximately 28% of its shares and a majority (77%) of its voting shares.[4]

Novo Nordisk manufactures and markets pharmaceutical products and services, specifically diabetes care medications and devices.[5] Its main product is the drug semaglutide, used to treat diabetes under the brand names Ozempic and Rybelsus and obesity under the brand name Wegovy.[6] Novo Nordisk is also involved with hemostasis management, growth hormone therapy, and hormone replacement therapy. The company makes several drugs under various brand names, including Levemir, Tresiba, NovoLog, Novolin R, NovoSeven, NovoEight, and Victoza.[1]

Novo Nordisk employs more than 48,000 people globally, and markets its products in 168 countries.[7] The corporation was created in 1989, through a merger of two Danish companies, which date back to the 1920s. The Novo Nordisk logo is the Apis bull, one of the sacred animals of ancient Egypt, denoted by the hieroglyph 𓃒. Novo Nordisk is a full member of the European Federation of Pharmaceutical Industries and Associations (EFPIA).[8]

The company was ranked 25th among Fortune's 100 Best Companies to Work For in 2010, and subsequently ranked 72nd in 2014 and 73rd in 2017.[9][10][11] In January 2012, Novo Nordisk was named the most sustainable company in the world by the business magazine Corporate Knights, while spin-off company Novozymes was named fourth.[12] It is a leader in the FTSE4Good Index, and the only European company in the top ten.[13] 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]

  1. ^ a b "Annual Report 2023" (PDF). Novo Nordisk. Archived from the original (PDF) on 31 January 2024. Retrieved 1 February 2024.
  2. ^ "Form 6-K". U.S. Securities and Exchange Commission. 3 August 2022.
  3. ^ "Who we are". www.novonordisk.com. Retrieved 28 September 2021.
  4. ^ "Novo Nordisk share and ownership structure". Retrieved 24 August 2023.
  5. ^ "Novo Nordisk sees slower 2020 growth with US insulin prices pressured". CNBC. 5 February 2020. Retrieved 20 April 2020.
  6. ^ Nelson, Eshe (30 August 2023). "Novo Nordisk Tilts G.D.P. In Denmark". The New York Times. p. B1. ISSN 0362-4331. Retrieved 5 October 2023.
  7. ^ "Annual Report 2021" (PDF). Novo Nordisk. Archived from the original (PDF) on 7 February 2022. Retrieved 13 March 2022.
  8. ^ "The Pharmaceutical Industry in Figures - 2008 Edition". European Federation of Pharmaceutical Industries and Associations (EFPIA). p. 49. Archived from the original on 16 September 2008. Retrieved 25 August 2008.
  9. ^ "100 Best Companies to Work For 2010: Full list". Fortune. 2010.
  10. ^ "Fortune 100 Best Companies to Work For® 2017". Great Place To Work®. Retrieved 26 June 2024.
  11. ^ Wasserman, Emily (16 January 2024). "Novo Nordisk Named on the 2014 FORTUNE 100 Best Companies to Work For® List for Sixth Consecutive Year". Fierce Pharma. Retrieved 26 June 2024.
  12. ^ read, Bart King Published 8 years ago About a 2 minute (27 January 2012). "Novo Nordisk Ranked World's Most Sustainable Corporation". Sustainable Brands. Retrieved 20 April 2020.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. ^ https://fastercapital.com/content/Corporate-Governance-and-the-FTSE4Good-Index--A-Closer-Look.html
  14. ^ Stegger, Clara (2 December 2022). "Første danske virksomhed nogensinde: Novo Nordisk rammer gigantisk beløb". Finans (in Danish). Retrieved 18 January 2023.
  15. ^ Wienberg, Christian (9 August 2023). "Novo's Value Surpasses Denmark GDP After Obesity Drug Boost". Bloomberg News.