Novo Nordisk plunges on poorer-than-predicted results

1 February 2018

Danish diabetes giant Novo Nordisk (NOV: N) took a 6% hit in the stock market on Thursday morning after announcing results from the fourth quarter of 2017 along with the full-year figures.

The company’s sales for the fourth quarter were 27.99 billion Danish kroner ($4.7 billion), short of the 28.41 billion kroner predicted by analysts and 5% lower than in the same period of 2016.

"In 2018, we will focus on the global launch of Ozempic and pursue the full value potential of our strong product portfolio in what continues to be a competitive environment"

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