Ozempic, Wegovy drive Novo Nordisk profits up

Shares of Danish drugmaker Novo Nordisk fell on Thursday, as investors digested the latest hard numbers from the maker of heavily-hyped drugs Ozempic and Wegovy.

For the record, sales of both continue to explode, though sales of Wegovy, which more than doubled to kr. 9.8B, came in about 10% below analyst expectations. Ozempic sales, which slowed, actually were better than expectations.

In Danish currency terms, Q1 profit jumped 28% for the company, which is based in suburban Copenhagen. Novo Nordisk’s market value of roughly $570 billion is now larger than the entire Danish economy.

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