Danish drugmaker Novo Nordisk beat first-quarter operating profit forecasts on F...
COPENHAGEN - Danish drugmaker Novo Nordisk beat first-quarter operating profit forecasts on Friday, helped by higher sales of its biggest new drug hope, a treatment for type 2 diabetes.
Sales of the treatment, branded Ozempic, rose to 1.4 billion Danish crowns in the quarter, trumping analyst forecasts for 1.3 billion crowns. However, Ozempic is also eating into sales of Victoza, which fell more than analysts’ expected in the quarter, although Jorgensen said the decline was in line with Novo’s projections.
Novo’s first-quarter operating profit of 14.2 billion crowns beat analysts’ average forecast of 13.2 billion crowns, helped by a reversal of some writedowns..
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