Ozempic maker $500b valuation

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Novo Nordisk, the pharmaceutical company that manufactures the diabetes and weight-loss drugs Ozempic and Wegovy, has surpassed a market valuation of $500 billion. This significant valuation is attributed to the soaring demand for these drugs, with Ozempic sales alone accounting for 41% of the company's total sales in 20237. The company's stock price has risen nearly 5%, reaching nearly $114 after releasing better-than-expected quarterly earnings5. The Danish pharmaceutical giant's valuation rose to $506 billion, as reported by CNBC using data from the London Stock Exchange Group35. This surge in valuation has made Novo Nordisk Europe’s biggest drug company5. The company's full-year operating profit jumped by 37% in kroner and 44% at constant exchange rates to 102.6 billion kroner3. Novo Nordisk's success has been fueled by a 154% sales increase in its obesity care products at constant exchange rates3.
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