Novo Nordisk’s big hope green-lighted in the US

New diabetes product could be its golden egg

Oct 19, 2017

It’s been tough goings for Novo Nordisk in the US recently. But finally the Danish pharmaceutical giant has something to smile about across the Atlantic.

Yesterday, the US Food and Drug Administration (FDA) approved Semaglutide, the Novo Nordisk product designed to improve glycaemic control in adults with type 2 diabetes.

“This is going to mean the world for Novo Nordisk. This product has massive potential within the treatment of diabetes,” Søren Løntoft Hansen, an analyst with Sydbank, told Børsen newspaper.

“This has the potential to make up the spine of Novo Nordisk’s turnover and profit looking ten years ahead.”

Billions on the line
Some 16 out of 17 members of the FDA expert panel voted in favour of approving Semaglutide, while the final member abstained. Final approval is expected to come on December 5.

Information collected by Bloomberg News indicates that Semaglutid sales are expected to rake in more than 2 billion kroner in 2018 and increase to 11.6 billion kroner in 2020.

The good news comes just days after Novo Nordisk was ranked one of the most desirable companies to work for by university students in Denmark.

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Novo Nordisk’s big hope green-lighted in the US

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

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Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

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