GLP-1 franchise powers progress at Novo Nordisk in 2021

2 February 2022

Danish diabetes giant Novo Nordisk (NOV:N) has reported net sales of 140 billion kroner ($21.3 billion) in 2021, an 11% increase from the year before.

Beating expectations, the firm reported fourth quarter operating profits of 13.6 billion kroner ($2 billion), an increase of 16% year-on-year.

The company’s shares were lifted by the result, which was impacted by higher distribution costs as well as more spending on research and development.

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