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NVO to Invest $1.2B in New Rare Disease Drugs Facility in Denmark
ZACKS· 2024-12-17 16:11
Novo Nordisk (NVO) announced that it plans to invest DKK 8.5 billion, translating to approximately $1.2 billion, to set up a new production facility in Odense, Denmark. Per NVO, the new site will include a state-of-the-art production facility and warehouse covering more than 40,000 m². Designed with modularity and flexibility in mind, it will support the production of various product types for rare diseases, including haemophilia, both now and in the future.Novo Nordisk reported that construction has alread ...
Novo Nordisk invests DKK 8.5 billion in new production facility in Odense, Denmark
GlobeNewswire News Room· 2024-12-16 06:29
Bagsværd, Denmark, 16 December 2024 – Today, Novo Nordisk announced plans to invest 8.5 billion Danish kroner to establish a completely new production facility in Odense, Denmark. The investment marks the first time in this century that Novo Nordisk breaks ground in Denmark by establishing a new production site.   The new site will feature a state-of-the-art finished production facility and warehouse spanning over 40,000 m2. Designed to be modular and flexible, it will accommodate multiple product types wit ...
Novo Strengthens Portfolio With Two High-Grade Gold Projects in NSW, Australia
GlobeNewswire· 2024-12-13 15:38
HIGHLIGHTS Novo has strengthened its high-quality, Australian based exploration portfolio by executing binding term sheets relating to TechGen Metals Limited’s (ASX: TG1) (TechGen) John Bull Gold Project in the New England Orogen of NSW, and Manhattan Corporation Limited’s (ASX: MHC) (Manhattan) Tibooburra Gold Project in the Albert Goldfields in northwestern NSW.Both projects demonstrate prospectivity for significant discovery and resource definition and align with Novo’s strategy of identifying and explor ...
NVO Gets Positive CHMP Opinion in EU for Ozempic Expanded Use in CKD
ZACKS· 2024-12-13 14:51
Novo Nordisk (NVO) announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending the label expansion of Ozempic (semaglutide) to treat patients with type II diabetes (T2D) and chronic kidney disease (CKD) in the EU. Subject to approval, the drug will be indicated as an adjunct to the standard of care for the prevention of the progression of renal impairment in T2D and CKD patients. A final decision from EMA is expe ...
Novo Nordisk: Just The Right Price (Rating Upgrade)
Seeking Alpha· 2024-12-11 16:12
Since I last wrote about the leading weight loss treatments company and stock Novo Nordisk A/S ( NVO ) in early October, its share price has softened just a bit, by 3.7%. This was to be expected. I had given the stock a HoldManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Gro ...
Healthy Returns: A huge deal to boost Novo Nordisk's manufacturing is one step closer to closing
CNBC· 2024-12-11 14:15
A view of the logo of Novo Nordisk at the company's office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024.A version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.Novo Nordisk just got a step closer to significantly improving supply for its blockbuster weight loss drug Wegovy and diabetes treatment Ozempic.The Danish drugmaker's parent company, Novo Holdings, ...
Stock Of The Day: Where Will The Eli Lilly Rally End?
Benzinga· 2024-12-04 16:47
Shares of Eli Lilly and Company LLY are trading higher on Wednesday. The company said that its Zepbound drug was more effective in helping adults with obesity lose weight than Novo Nordisk A/S's NVO Wegovy. It cited data from a phase 3b trial. But the rally may be short-lived. This is why Eli Lilly is our Stock of the Day. The company said that using Zepbound led to a 20.2% weight loss. This was significantly better than the 13.7% weight loss that users of Wegovy experienced. But despite these results, tech ...
Want To Bet On Ozempic, Wegovy Success? Defiance Introduces Leveraged ETF To Capture Novo Nordisk Momentum
Benzinga· 2024-12-03 14:15
On Tuesday, Defiance ETFs introduced NVOX, the first single-stock leveraged ETF focused on Danish pharmaceutical giant Novo Nordisk A/S NVO. The ETF offers retail investors double the daily long exposure to Novo Nordisk's stock price changes without requiring a margin account, presenting an innovative trading option. However, NVOX carries heightened risk due to its single-stock nature and does not invest directly in Novo Nordisk shares. Also Read: Big Pharma Pushes To Revise Biden-era Medicare Drug Price Ne ...
Defiance Launches NVOX, the First 2X Leveraged Single-Stock ETF on Novo Nordisk
GlobeNewswire News Room· 2024-12-03 11:00
MIAMI, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs today launched NVOX, the world's first single-stock leveraged ETF for the pharmaceutical stock Novo Nordisk (NYSE: NVO). As the weight loss market continues to expand and Novo Nordisk is a key provider in that space, NVOX offers retail investors 2X daily long leveraged exposure to the change in the daily share price of Novo Nordisk without the need for a margin account. This provides a unique tool for tactical traders. NVOX does not invest directly in N ...
Is Novo Nordisk Stock a Buy?
The Motley Fool· 2024-11-29 10:35
Few companies garner as much reliable attention as Novo Nordisk (NVO) does these days. With a bull market coinciding with a historic run of growth for the Danish pharmaceutical giant related to its GLP-1 drugs, it's no surprise that its share prices have nearly doubled over the last three years.But with such strong performance lately, can the stock be as good a purchase for investors going forward? To find out, let's take a look at what it has planned.There's no shortage of reasons to buy hereNovo Nordisk i ...