Two of the most talked-about drugs in the U.S., obesity treatment Wegovy and diabetes medication Ozempic, are made by the same company: Denmark-based Novo Nordisk (NVO -1.80%). There wouldn't be so much chatter if these drugs weren't flying off pharmacy shelves these days, particularly in the case of Wegovy.Solid evidence of this was provided early this week by the company, which released highly encouraging quarterly and annual results featuring plenty of high-growth figures. Let's pick these apart a little ...

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Novo Nordisk (NYSE:NVO) remains a buy for US bank Citigroup even though it is only the second European company in history to pass the half-a-trillion mark after LVMH temporarily hit the landmark last year. The Danish pharma accompanied its annual report with a management call that reiterated scaling up production of its blockbuster diabetes drugs Wegovy and Ozempic remains its number one priority. Capex will almost double to Dkr45bn in 2024 (15-17% of sales) with Novo expecting to post up to 25% revenue gro ...

For the first time since May, Novo Nordisk is gradually increasing the supply of its highly sought-after weight loss drug Wegovy. The Danish drugmaker told FOX Business the company is making significant investments in Wegovy, which gained significant attention since 2022 after being touted by high-profile figures and social media users for its weight loss effects. It "has been steadily increasing capacity to produce more Wegovy than ever before," the company said.  NOVO NORDISK'S WEGOVY REDUCES RISK OF SERI ...

Financial Data and Key Metrics Changes - In 2023, the company achieved a sales growth of 36% and an operating profit growth of 44%, both measured at constant exchange rates [7][22] - The gross margin increased to 84.6% compared to 83.9% in 2022, driven by a positive product mix [22] - Net profit increased by 51%, and diluted earnings per share rose by 52% to DKK 18.62 [25] Business Line Data and Key Metrics Changes - GLP-1 sales in diabetes increased by 52%, with North America growing by 52% and international operations by 53% [8] - Obesity care sales grew by 154%, with North America operations seeing a 212% increase [9] - Insulin sales decreased by 6%, primarily due to declining sales in the U.S. and China [8] Market Data and Key Metrics Changes - In North America, the company holds around 54% market share in the GLP-1 class [11] - The global diabetes value market share increased to 33.8%, surpassing the strategic aspiration of one-third [9] - In international operations, total diabetes care sales increased by 20%, driven by GLP-1 sales growing 53% [10] Company Strategy and Development Direction - The company aims to treat more patients with innovative treatments and has expanded its pipeline across all therapy areas [6] - A focus on sustainability is evident, with a 34% reduction in carbon emissions compared to pre-pandemic levels [5] - The company plans to increase capital expenditure to around DKK 45 billion in 2024 to expand production capacity [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued sales growth between 18% and 26% at constant exchange rates for 2024 [28] - The outlook reflects expectations for ongoing volume growth of GLP-1 treatments, despite potential supply constraints [29] - Management highlighted the importance of scaling supply to meet increasing demand, particularly with the launch of Wegovy [39] Other Important Information - The company returned over DKK 61.7 billion to shareholders through share buybacks and dividends in 2023 [27] - The company has proposed a final dividend of DKK 6.40 for 2023, marking a 50% increase compared to 2022 [27] Q&A Session Questions and Answers Question: Update on GLP-1/GIP dual agonist and oral amycretin - Management expressed confidence in managing GI toxicity during the titration phase for the once-monthly GLP-1/GIP [34] - No specific Phase 1 data for oral amycretin was disclosed, but management indicated progress in development [35] Question: Scaling supply and 340B policy revenue recognition - Management confirmed that scaling supply remains a priority and emphasized the importance of not annualizing Q4 results [38] - The company is only partially recognizing 340B revenue due to accounting standards, with ongoing litigation affecting future recognition [40] Question: Launch of Lilly Zepbound and NASH/MASH studies - Management indicated that market demand, competition, and supply capacity are considered in guidance [42] - The ESSENCE NASH study results are expected around the turn of the year, with further updates on the FGF21 study later [45] Question: Changes in competitive dynamics for Ozempic and Wegovy - Management noted stable formulary access for GLP-1s, with over 90% unrestricted access [66] - Stay time for Wegovy is reportedly better than previous treatments, with strong retention observed [67] Question: Guidance range for revenue growth and commercial coverage - The guidance range for revenue growth is wider due to market dynamics and supply constraints [72] - The company continues to enjoy broad market access for Wegovy, covering around 50 million people living with obesity [75]

The soaring popularity of weight loss drugs Ozempic and Wegovy has catapulted parent company Novo Nordisk’s valuation past the half-trillion dollar threshold, according to a report.The Danish pharmaceutical company, which initially marketed the drugs as a treatment for diabetes, has a valuation of $506 billion, according to CNBC, which analyzed data from the London Stock Exchange Group.Novo Nordisk’s stock price was up by nearly 5%, at nearly $114, after the company released better-than-expected quarterly ...

The American depositary receipts (ADRs) of Novo Nordisk (NVO), the market leader in weight-loss drugs, rose sharply in early trading Wednesday, hitting an all-time high, after the Danish company said it expects sales growth this year of between 18% and 26% in constant exchange terms.The company also reported better-than-forecast sales that were 36% higher last year at 232.3 billion kroner ($33.8 billion) on the back of buoyant demand for its weight loss drug Wegovy and diabetes drug Ozempic. "Our focus in 2 ...

Novo Nordisk A/S (NVO) reported fourth-quarter 2023 earnings of 71 cents per American Depositary Receipt (ADR), which surpassed the Zacks Consensus Estimate of 66 cents. The company had reported earnings of 41 cents per ADR in the year-ago quarter.Revenues of $9.51 billion increased 37% in Danish kroner (DKK) and were up 43% at constant exchange rate (CER) in the reported quarter. Total revenues also beat the Zacks Consensus Estimate of $9.14 billion. The year-over-year increase in revenues was driven by hi ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 31st:Ternium S.A. (TX) : This steel products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 6.9% over the last 60 days.Ternium has a PEG ratio of 0.92 compared with 1.27 for the industry. The company possesses a Growth Score  of A.Powell Industries, Inc. (POWL) : This custom-engineered equipment and systems company carries a Za ...

Novo Nordisk on Wednesday said its fourth-quarter profit surged by nearly two-thirds, driven by the popularity of its weight-loss drugs that have made it Europe’s largest company.Novo Nordisk NVO, said its profit rose 62% to 21.96 billion kroner ($3.19 billion), as sales climbed 37% to 65.86 billion kroner. Its operating profit came in 5% ahead of a company-compiled consensus, while sales were 4% ahead of estimates.Novo Nordisk shares NOVO.B, +1.54% rose 2% in early Copenhagen trade, and the stock has soare ...