Novo tackles obesity

Country

Denmark

Novo Nordisk A/S ended the half year with sales of DKK 107.7 billion ($15.7 billion), up by 29% from a year earlier, largely due to the strong performance of its glucagon-like peptide-1 (GLP-1) drugs for diabetes and two obesity medicines. Together, the two product groups accounted for more than two-thirds of the company’s sales, helping to offset a decline in revenue from insulins and products for rare diseases. The rare disease portfolio includes drugs for endocrine and rare blood disorders. At constant exchange rates, the increase in group sales was 30%.