Tag: Novo Nordisk
The demand for weight loss drugs overwhelms important health and production players
Novo Nordisk cannot keep upWegovy manufacturer Novo Nordisk is also feeling the pressure and announces that it cannot meet the demand for Wegovy. Novo Nordisk’s results for the first quarter, published today, showed that earnings had skyrocketed to DKK 19.8 billion – a growth of 39 percent compared to the same period last year. The […]
Market movers: Danish companies soar past global giants
Solid start to 2023In recent months, Novo Nordisk has been buoyed by the formidable sales of its new weight loss drug, Wegovy. And the company’s diabetes products have also brought about a significant amount of change this year. The first quarter of the year has only just passed, but the company has already increased expectations […]
Health insurance company concerned by stampede for Novo Nordisk’s new weight loss medicine
Sygeforsikringen Danmark is reconsidering its position on reimbursement to customers who take a prescription for the Novo Nordisk drug Wegovy, an expensive weight loss drug that was launched at the end of last year. In January alone, 16,593 people in Denmark received a prescription for Wegovy – and a great many Sygeforsikringen Danmark customers were […]
Novo Nordisk will lower its insulin prices in the US
Pressure from PrezNovo Nordisk said it would cut the price of its insulin products by up to 75 percent – products to be included in the price cut include Levemir, Novolin, NovoLog. The issue of pharmaceutical companies overcharging for their products reached the halls of the White House, where President Biden called on pharmaceutical companies […]
Novo Nordisk’s use of monkeys in tests has skyrocketed
No other optionNovo Nordisk is aware of the problem, but claims it has no other options because its animal testing, including on monkeys, is crucial to production. The company said it places great emphasis on using as few animals for research as possible. “We cannot avoid using animals for experiments. We also cannot avoid using […]
Huge dividend for Ørsted and Novo Nordisk’s shareholders
The shareholders in Ørsted and Novo Nordisk have much to be happy about today, as both companies have decided to issue large dividends following the declaration of record profits. While Ørsted will split DKK 5.7 billion, Novo will distribute DKK 14.8 billion – not bad for shareholders who split DKK 7.5 billion in August last […]
World Economic Forum ’23: Participants braced for profound systemic transformation
It says a lot about this gathering that the managing directors and chairmen of most of Denmark’s largest companies – including the managers responsible for Mærsk, Carlsberg, DSV, Lego Group, Novo Nordisk, PensionDenmark, Vestas and Ørsted – will be present, but they won’t even be considered VIPs. So it’s no wonder snipers can be seen […]
California sued Novo Nordisk for “driving up the price” of insulin
Novo Nordisk is one of three pharmaceutical companies being sued by the US state of California for overcharging for insulin. More than 10 percent of the state’s adult population is diabetic, equivalent to at least 3 million people, and California Attorney General Rob Bonta claims many can’t afford drugs that “could mean the difference between […]
California sued Novo Nordisk for “driving up the price” of insulin
Novo Nordisk is one of three pharmaceutical companies being sued by the US state of California for overcharging for insulin. More than 10 percent of the state’s adult population is diabetic, equivalent to at least 3 million people, and California Attorney General Rob Bonta claims many can’t afford drugs that “could mean the difference between […]
National Round-Up: More snow for the weekend, but it won’t stick around for long
Around 90 percent of Denmark will be covered in snow this weekend. This is reported by TV2. Snow is likely to fall on Wednesday and Thursday and then stay on the ground until at least Sunday, when temperatures are expected to rise to 6-7 degrees. Some areas will see as much as 18 cm of […]
Business Round-Up: International students contribute far more than they take, study claims
Denmark benefits financially from foreign students, shows a major analysis carried out by Damvad Analytics on behalf of the Swedish Engineers’ Association. Together, they contributed DKK 26.7 billion to the nation’s coffers between 2007 and 2020, with technical and natural science courses, such as engineering, accounting for DKK 12 billion. Over the same 13-year period, […]
Danish news: Close to 20 teenagers arrested for selling hash in Christiania in just 80 days
An increasing number of young people, generally aged 15-18, are selling weed on Pusher Street in Christiania. Between September 1 and November 21, Copenhagen Police arrested 17 such people for selling hashish, according to Berlingske. Fear that they cannot escape the environment“Someone has released a handbrake,” noted Police Inspector Tommy Laursen. “In the past, Christians […]
Lego and Novo Nordisk rated among the best employers by professionals
Strong gender differencesLooking at top preferences when assessing employment, female respondents said promoting work-life balance was most important, followed by a friendly work environment, managers who will support their development and flexible working conditions. A competitive basic salary was number five for the women. Meanwhile, male respondents ranked a competitive base salary as their top […]
Science Round-Up: ‘Baby talk’ is a universal phenomenon and similar across languages, study shows
A joint study from Aarhus University and the University of York shows that the way of communicating with babies and toddlers, child-directed-speech (CBT), is a global phenomenon with many identical aspects that are shared by many languages. What is known as CBT generally involves high-pitched, slow-paced and animated speech. PhD student Christopher Martin Mikkelsen Cox, […]
Business Round-Up: House prices will fall
Reject across the board?For areas such as northern Jutland and Bornholm, the picture is a little less dramatic. House prices will fall by 3.3 percent and 3.7 percent respectively in 2023. Last week, Danmarks Nationalbank also predicted “significant price drops” in the Danish housing market with almost identical figures to Nykredit. Last week, Handelsbanken also […]
Business Round-Up: House prices will fall, economists predict
Data from Boligsiden reveals that the price of villas and townhouses fell by 1 percent in July due to high inflation, while the price of apartments fell by 1.5 percent. Economists expect further declines in autumn and winter. When seasonally adjusted, this is the biggest decline in more than a decade. According to Jeppe Juul […]
Science Round-Up: DTU Space celebrates contribution to James Webb Telescope as the first images return to Earth
The James Webb Space Telescope, which was launched into space last December, has delivered its first images back to Earth, revealing “emerging star nurseries” and “cosmic rocks” in the Carina Nebula, according to NASA. DTU Space, the national space institute at the Technical University of Denmark, has been one participant in the James Webb Mission […]
Novo Nordisk will help finance abortion trips for American employees
Novo Nordisk will expand financial support to employees in the US after the implementation of strict abortion laws, reports Politiken. After the US Supreme Court overthrew Roe vs Wade on June 24, it is now illegal in many states in the United States to have an abortion. Because of the extreme mental and physical effects […]
Maersk and Novo Nordisk are considered among the most attractive companies for students
Money over work-life balanceThe report also shed light on the preferences of the best students when embarking on a career. High future earnings were the first preference, followed by a friendly work environment, good reference to future careers and leaders who will support my development. Interestingly, Encouraging Work-Life Balance came tenth. Gender-wise, men said they […]
Business Round-Up: The government puts the economy at risk with too much energy compensation, warns the central bank governor
Danmarks Nationalbank Governor Signe Krogstrup has warned that the government will put Denmark’s economy in great danger if it pays too much compensation to homeowners who were hit by large energy bills this winter. In a speech to Berlingske, she explained: “If compensation schemes are adopted that are not matched by public savings or higher […]
Science Round-Up: Corona was never a major threat to children, the study concludes
Danish children and young people have found it relatively easy to cope with the coronavirus and then recover from it, according to one University of Southern Denmark study. Academics felt the study was necessary in light of scare stories from abroad, but did not find much to be concerned about. The study compared the after-effects […]
Russia’s invasion of Ukraine causes shares to plummet in Denmark
Russia’s invasion of Ukraine has resulted in shares falling all over the world. At opening time this Thursday, the Danish C25 index of the country’s leading shares had fallen by around 4.79 percent. An hour later, it had returned by 2.8 percentage points, then still a decrease of 2 percent compared to yesterday. The index […]
Business Round-Up: Government Refuses to Help Majority of Homeowners Affected by Paralyzing Heat Bills
The government is strongly opposed to a proposal to financially help hundreds of thousands of people in Denmark with huge heating bills – primarily homeowners serviced by gas, where there is no alternative energy supply. Yesterday, the Danish People’s Party and the Conservatives presented a bill that proposes that the government should help the affected […]
International Round-Up: Denmark’s COVID-19 vaccine donations are wasted
Flemming shakes The error meant that countries that initially agreed to take the vaccines ended up giving up because they were unable to use the vaccines before they expired. Minister for Development Aid, Flemming Møller Mortensen, is shaken by the revelations, and he revealed that the Danish authorities have initiated a legal dialogue with AstraZeneca […]
What is a CFD?
CFD stands for contracts for difference and is a financial derivative. CFD trading is an alternative to stock trading, but is actually traded in the same way as a stock. A CFD is derived from an underlying asset, such as a stock or an index, or products such as copper, property or land. By signing […]
Science Round-Up: ‘Historically poor’ wind speeds blamed for renewable energy dives
The level of wind energy supply in the Danish electricity system fell in 2021 due to a “historically bad” year with wind speeds, according to Jesper Kronborg, senior business developer at the energy company Energinet. The contribution of the wind supply experienced a “noticeable decrease” from 46.5 to 43.6 percent between 2020 and 2021 – […]
Business Round-Up: Tobacco sales plunge to historic lows
The demand for tobacco in Denmark has never been lower. The period 2011-20 saw a decrease of 29 percent in sales compared to the previous decade, according to Statistics Denmark. Increase in sales of smoking tobacco But while cigarette sales fell sharply by 18 percent in 2020 – a decline due to increased taxes – […]
Science Round-Up: Aboriginal medicinal plant reverses chemotherapy resistance
Researchers at the University of Copenhagen have discovered a special flavonoid in an Australian plant used in traditional Aboriginal medicine, appears to reverse chemotherapy resistance. Professor Dan Stærk is leading the project, which is investigating the flavonoid’s interaction with ‘SN-38’ – the active substance in the drug irinotecan, which is used to treat an aggressive […]
Summary of Science: Has religious satire shaped our culture more than religion itself?
What about the holy war, the bloody battles among Christians, and the general accounts of medieval barbarism, it is common to perceive the Middle Ages as more pious than the atheist modern era. But that may not be the case. In a new paper, ‘The Gospel of Deviance’, satire researcher Dennis Meyhoff Brink from the […]
Business Round-Up: Historically high number of homeowners who pay off mortgages on time
The majority of homeowners paid off their mortgages on time in the second quarter of 2021, when only 0.14 percent, according to Finans Danmark, failed to reach the best payment rate in 14 years. Ane Arnth Jensen, Deputy CEO of Finans Danmark, believes that a marked fall in unemployment may be the reason why more […]
400 liters of acid run out into the basement of a pharmaceutical company
On Monday morning, there was a “major spill” of nitric acid at the pharmaceutical company Novo Nordisk in Hillerød. On Monday morning, the clean-up work is completed, and roadblocks and roads outside the building have been removed. This is stated by Frederiksborg Fire and Emergency Management and the North Zealand Police. No persons were injured […]
Acid emissions at pharmaceutical companies block roads in Hillerød
There has been a “major spill” of nitric acid at the pharmaceutical company Novo Nordisk in Hillerød. The discharge is only inside the building at Brennum Park and there is no danger to persons in the area. The North Zealand Police wrote on Twitter on Monday morning. No persons were injured in the spill. Police […]
Business Round-Up: Economic Experts Encourage Foreign Recruitment to Facilitate Labor Shortages
The acute shortage of labor in Denmark has been linked to Danish Industry as “The largest recruitment crisis in Danish history”. Last month, the government presented the reform ‘Denmark can do more‘. Last week, the government stepped in an agreement with national recruitment associations to strengthen efforts to match the unemployed with job vacancies and […]
Scientific conclusion: Life expectancy fell globally under COVID-19 but increased in Denmark
An analysis of data from Europe, the USA and Chile carried out by researchers at the University of Southern Denmark and the University of Oxford reveals a large-scale reduction in life expectancy in 2020, except in Denmark and Norway, where it actually increased. The pandemic caused the largest one-year decline in life expectancy in Western […]
The calm temperament benefited him
The businessman has rich experience to share. He has experienced massive success – but also a dramatic firing, which he did get up from. For Sten Scheibye, the road to the top of the Danish medical industry was founded through a time in the military and later a master’s degree in physics and chemistry from […]
Science Round-Up: Lockdown lounge lizard … proof in the characters, both numerically and physically
Consumption of sweets and sodas jumped 40 percent during the first corona lockdown, according to a new DTU Food Institute survey. The amount of screen time also increased. According to the survey, 23 percent of respondents ate more than usual, 21 percent ate more candy and chocolate and 14 percent ate more cake. The study […]
Local Round-Up: Change of cemeteries to make room for more park area in Frederiksberg
Frederiksberg Municipality plans to rebuild part of Solbjerg Park Cemetery to create more park area near Copenhagen Zoo. The cemetery is located next to Frederiksberg’s most famous parks, Frederiksberg Garden and Sondermarken. It is surrounded by a marked 150-year-old red brick wall that may need to be relocated to meet plans. Municipal change Frederiksberg Municipality […]
Scientific conclusion: First trial on humans with Danish corona vaccine gives promising results
The Hellerup-based biotechnology company Bavarian Nordic, the developer of the first Scandinavian-produced COVID-19 vaccine ABNCoV2, has published the results of its first human trials. The report concludes that “the ABNCoV2 vaccine was well tolerated across all dose groups with no observed difference in adverse reactions after the first and second vaccinations.” A strong booster effect […]
A career in the spirit of sustainability
Sustainability and responsible business today are no longer just a trend or a wave in motion. It is a condition cast in cement that a leader must relate to, she said last year in an interview with the online media lederstof.dk. Lise Kingo left Novo Nordisk in connection with a management reshuffle in 2014 – […]
Business Round Up: Coastal floods and damage to property can disrupt the entire Danish financial system
Danmarks Nationalbank is concerned that rising waters and soil erosion around Danish coasts will make coastal properties – which many use as collateral against bank loans – worthless. Flood risks already threaten around DKK 41 billion in loans, and Danmarks Nationalbank predicts that the figure could rise to DKK 198 billion at the end of […]
The Danish Medicines Agency is hiring a new director from Aarhus University
Lars Bo Nielsen has been hired as the new director of the Danish Medicines Agency. This is stated by the Ministry of Health in a press release. Since 9 March, the Danish Medicines Agency has been looking for a new director after Thomas Senderovitz chose to change to a job at Novo Nordisk. The choice […]
Business Round Up: EU greenlights billion kroner Danish renewable electricity scheme
Looking forward to 2050 The aid scheme was approved on the grounds that it will drive green EU development and encourage energy producers by equalizing the input-output costs of electricity without distorting competition in the internal market. In 2019, the Commission announced a target of no EU greenhouse gas emissions by 2050. In April 2021, […]
Senderovitz warns of individual countries’ loneliness during crises
The EU was ill-prepared for a pandemic, and individual countries must not believe that they can cope with a health crisis on their own. This is what former director of the Danish Medicines Agency, Thomas Senderovitz, told Finans og Børsen, with whom he spoke prior to the publication of his new book, “The Race for […]
Science Round-up: The world’s largest snake arrives at Odense Zoo
When the tropical house reopens on May 21, lucky visitors to Odense Zoo can catch a glimpse of the world’s largest snake (see the video below). The green anaconda grows up to nine meters long and weighs up to 250 kilos – although Denmark’s latest snake acquaintance is a baby of only 4.5 meters and […]
The head of the Danish Medicines Agency is in good recovery after fainting
During a press conference on vaccines last week, Tanja Erichsen, who is head of unit at the Danish Medicines Agency, fainted. She is feeling much better now, she says on Twitter. – Thank you all very much for your care and greetings – it’s whimsical. It was a hard blow my head had to accept, […]
The government is discussing vaccine production with the Novo Nordisk Foundation
The Novo Nordisk Foundation is the country’s largest business fund and has a fortune of more than DKK 400 billion. The foundation has previously rejected that it will make sense with state vaccine production in Denmark, but now opens up that it can be done in collaboration with the private business community. – We can […]
Report: Danish life sciences among the world’s leaders in innovation
Novo players required In Denmark, the ten largest patent applicants (see list below) make up almost 50 percent of all patent applications within life science. Novozymes and Novo Nordisk account for 25 percent of all Danish life science patent applications. “For continued support for Danish innovation, it is important that companies have solid and predictable […]
Novo Nordisk is convicted of violating a competitor
The two companies are direct competitors in the diabetes treatment market. But in 2019, Novo Nordisk issued a press release comparing Novo Nordisk’s drug Tresiba with Sanofi’s Toujeo, which was misleading, the court states. The judges emphasize that Novo Nordisk also crossed the line in 2017 by issuing an illegal press release, and that Sanofi […]
Business Round-Up: Danske Bank chairman tried to hide the debt collection scandal
Berlingske and TV2 are in possession of an internal e-mail sent on 25 November last year, which reveals the role of Karsten Dybvad, Chairman of the Board of Danske Bank, in the dismissal of the debt collection scandal that has engulfed the bank this year. According to the email, the chairman stressed the importance of […]
International Round-Up: Danish company accused of breaking EU sanctions
The Danish company Dan-Bunkering is under investigation after it turned out that 647 million kroner of jet fuel was illegally sold to Russia – which sent it on to Syrian forces. The deal violates EU sanctions banning the sale of jet fuel to Syria. The sanctions were introduced between 2015 and 2017 to protect the […]
Employees in Denmark’s largest companies that make significant political donations to American election candidates
Both Joe Biden and Donald Trump have benefited from generous donations from those who are at the top of Denmark’s largest companies. The companies are excluded from making donations in the American election, but such rules do not apply to the individual employees – a rule that some at Novo Nordisk, Lundbeck and Ørsted have […]
After Jensen’s exit: Several refuse to run for office
Minister for Children and Education Pernille Rosenkrantz-Theil will not comment on whether she is interested in running. – It is a process that runs internally in the Social Democrats, she says. At the same time, Christine Antorini, director of Life at Novo Nordisk and former Minister for Children and Education, denies to Ritzau that she […]
Business Round-Up: Wind in change in India
The Danish wind turbine company Vestas announced a new model yesterday, which it hopes will increase energy production dramatically in India. Conditions with low wind It claims that the new turbine can be used globally, but that it is particularly suitable for areas with “low and ultra-low” wind conditions. India and the United States are […]
Business Round-Up: Millions Promised to Facilitate the Global Impact of COVID-19
The Novo Nordisk Foundation provides a total of DKK 14.4 million across 15 initiatives worldwide – all with the aim of easing the impact of the coronavirus pandemic in the poorest corners of the world. As the pandemic continues to disrupt economies, health systems and education systems, the initiatives will target particularly poor and vulnerable […]
Science Round-Up: Indoor climate that is crucial in the fight against viruses
Until now, the focus in the fight against coronavirus has been to find ways to stop the infection that takes place through body fluids, such as saliva, but to rule out the possibility that the virus can travel through the air, is irresponsible, writes Peter V Nielsen from Aalborg University in an open letter to […]
