Novo Nordisk AS - Company Profile
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Business Description
Novo Nordisk AS (Novo Nordisk), a subsidiary of Novo Holdings AS, discovers, develops, manufactures, markets, and distributes products for diabetes, obesity and rare blood and endocrine diseases. The company also provides treatment for growth disorders, haemophilia, sickle cell disease, metabolic dysfunction-associated steatohepatitis (MASH), cardiovascular disease and Alzheimer's disease.
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R&D Overview
Novo Nordisk conducts R&D to engineer proteins into safe and effective therapies and develop new and improved delivery systems. The company uses biotechnological methods based on protein engineering and advanced protein chemistry in its research. The company's R&D centers drive innovation in diabetes and rare diseases. In Malov, Denmark, it focuses on protein and peptide engineering, while Bagsvaerd manages drug candidate development and safety surveillance. Soborg Center conducts late-stage development across therapy areas. Hillerod is dedicated to device innovation, and Oxford focuses on disruptive therapies for cardiometabolic diseases. In Seattle, digital therapy and AI are the focus, while Fremont specializes in stem cell-based products and Boulder in oligonucleotide therapeutics. Lexington houses RNAi innovation, and Watertown focuses on rare hematologic diseases and cancers. Novo Nordisk is developing treatments for people living with diabetes, obesity, rare blood disorders, hemophilia, endocrine disorders, growth disorders and other chronic diseases such as NASH, Alzheimer’s disease, sickle cell disease, kidney disease, Parkinson’s disease, and cardiovascular diseases. In FY2023, the company spent DKK32,443 million on its R&D which as a percentage of revenue stood at 13.9%, and grew 34.9% YoY. The company operates five R&D sites in Denmark, the UK, the US, China and India. Its core R&D capabilities include engineering, formulating, developing and delivering. The company has R&D collaborations with several biotech companies, including BioLamina, Kallyope, Emisphere, and Adimab; and universities including Lunds University, University of California San Francisco to accelerate innovation from partnerships to patients and attract top talents to its global R&D sites.
Business Segments
Overview
Carries out the research, development, manufacture, and marketing of products in the area of insulin (including premix insulin, long-acting insulin, fast-acting insulin and human insulin); oral antidiabetic products (OAD); GLP-1 based products and related delivery systems (including diabetes pens and needles and growth hormone pens); obesity and other chronic diseases. Major brands include: Tresiba, NovoRapid/NovoLog, NovoMix/NovoLog Mix, Levemir, Victoza, Xultophy, Ozempic, Saxenda and NovoPen, among others.
Performance
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Overview
Carries out the research, development, manufacture, and marketing of products in the areas of growth disorders, hemophilia, and hormone replacement therapy. Major brands include: NovoEight, NovoSeven, Norditropin, Refixia, Vagifem, Estrofem, Trisequens, Novofem, Kliogest, Esperoct.
Performance
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Geographical Segments
Target Markets
Includes operations in Europe, the Middle East and Africa, China, Hong Kong, Taiwan, and the rest of the world.
Performance
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Target Markets
Includes operations in Canada and the US.
Performance
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