Novo Nordisk staying the course

Pharmaceutical giant showing small but steady gains

(photo: Stephen Wright)
August 7th, 2014 3:00 pm| by admin
facebooktwittergoogle_pluspinterestmail

Novo Nordisk finished this year’s second quarter better profit-wise than it had expected. The company finished with a before tax profit of close to 9 billion kroner, just a bit higher than the 8.9 billion kroner it had projected. The company’s pretax profits for the first half of 2014 stand at 17.3 billion kroner, compared to 16.5 billion kroner for the same period last year.

´The success of two products – Levemir and Victoza – was instrumental in driving growth during the first half of the year.  

Faster launch
The company also said that the US launch of its product Tresiba is progressing faster than expected. Novo Nordisk had previously announced that Tresiba would not be ready to start the stateside approval process until mid-2015. It now says that Tresiba could be considered for approval as early as the first quarter of 2015.

READ MORE: Novo Nordisk stock shares plummet after FDA ruling

Novo Nordisk’s research and development sector has also shown positive growth in the first 6 months of the the year, posting a return of 6.2 billion kroner, nearly 900 million kroner more than in the first half of 2013.

The company said that it expects its numbers to remain steady for the rest of 2014.

(photo: Stephen Wright)
Danish summer the coldest for 24 years so far
If you thought June was particularly cold, grey and dismal this year, you a...
The two-storey apartment is in the plush Opus Hong Kong building located on a cliff side (photo: Exploringlife)
Dane buys Asia’s most expensive apartment
Asia's most expensive apartment, a 301 sqm luxury apartment in the middle o...
"Businesses in Copenhagen and Malmø now have increased opportunities," says bridge manager (photo: Marcus Bengtsson)
Øresund Bridge celebrates 15th birthday
Today marks 15 years since the Øresund Bridge was opened and the first car...
Police remained present at the scene until the situation calmed (photo: Heb)
Bloody brawl in Helsingør sends young man to hospital
A 19-year-old man was flown by helicopter to Rigshospitalet on Tuesday even...
The decision could lead to Ryanair flights being grounded in Copenhagen (photo: iStock)
UPDATE: Ryanair shuts down Copenhagen base
The Irish budget airline Ryanair has decided to close its Copenhagen hub wi...
As per usual, there is no shortage of nudity at this year's festival (All photos: Johan Karpantschof)
Roskilde Festival ’15 off to a flying start
Depending on your stamina, you're either nursing a hangover for the fourth...