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How Ozempic Is Transforming a Small Danish Town
  + stars: | 2024-04-20 | by ( Eshe Nelson | ) www.nytimes.com   time to read: +1 min
As the sun sets over the harbor in Kalundborg, a small town about 60 miles west of Copenhagen, light streams through the glass walls of Shaun Gamble’s cafe and bathes his afternoon customers in a warm glow. Nearby, at a sprawling manufacturing plant, Novo Nordisk makes nearly all of its semaglutide, the active ingredient in the company’s wildly popular diabetes and obesity treatments Ozempic and Wegovy. It’s the largest manufacturing investment in Denmark by a company, and it’s happening in this town of fewer than 17,000 people. Novo Nordisk plans to add 1,250 jobs to the existing 4,500 employees at the Kalundborg plant. A highway is being extended; investors are snapping up houses and planning new construction; universities have begun offering biotech courses to feed Novo Nordisk and nearby businesses with workers.
Persons: Shaun Gamble’s Organizations: Novo Nordisk, Nordisk Locations: Kalundborg, Copenhagen, Denmark, Novo
Explainer: What’s behind the scramble for semaglutide?
  + stars: | 2023-11-18 | by ( Maggie Fick | ) www.reuters.com   time to read: +3 min
Semaglutide, developed by Novo Nordisk (NOVOb.CO) over decades, is the active ingredient in type 2 diabetes treatments Ozempic and Rybelsus, as well as Wegovy, which is used for weight loss only. Semaglutide in injected form was first approved for use in the U.S. as a treatment for type 2 diabetes in 2017. Booming demand for both drugs has propelled Novo Nordisk to its highest-ever profits. People taking part in clinical trials for drugs based on semaglutide may also continue to take it. The curbs will be in force until August 2024, but may end sooner if supplies improve, a spokesperson for the health ministry said.
Persons: Maggie Fick, Marine Strauss, Charlotte Van Campenhout, Josephine Mason, Sara Ledwith Organizations: Novo Nordisk, World Health Organization, International Diabetes Foundation, Supply, BMI, Thomson Locations: Britain, Germany, Belgium, United States, U.S, Denmark, Brussels
OSLO, Nov 10 (Reuters) - Novo Nordisk (NOVOb.CO) said on Friday it plans to invest more than 42 billion crowns ($6 billion) in the coming years as it seeks to meet booming demand for its Wegovy weight-loss treatment and other drugs. Novo Nordisk said in a statement investments include an expansion of its capacity for GLP-1 products, which include the active ingredients in Wegovy as well as the company's Ozempic diabetes treatment. "Our continued investment in global capacity demonstrates the belief we have in our current and future product portfolio," said Henrik Wulff, Novo's head of Product Supply, Quality & IT. A portion of the investment was included in a 25 billion crowns capital expenditure announced in February, Novo said. ($1 = 6.9904 Danish crowns)Reporting by Terje Solsvik, editing by Essi Lehto and Anna RingstromOur Standards: The Thomson Reuters Trust Principles.
Persons: Henrik Wulff, Novo's, Terje Solsvik, Essi Lehto, Anna Ringstrom Organizations: Novo Nordisk, Supply, Thomson Locations: OSLO, Denmark, Wegovy, Novo
In this article LLYNOVO.B-DK Follow your favorite stocks CREATE FREE ACCOUNTOzempic drug to treat diabetes. Since Wegovy and Mounjaro have been on the market, "neither company can make the drug fast enough," she said. The Food and Drug Administration approved Ozempic in 2017 for diabetes and Wegovy in 2021 to treat obesity. Mounjaro, introduced in 2022 to treat diabetes, contains GLP-1, plus GIP, a similar appetite suppressor that can lead to weight loss. Coverage for Mounjaro ($1,023 per month) to treat diabetes varies based on an individual's insurance plan and drug benefits.
Persons: Eli Lilly, Novo's, Lilly's, Emily Field, Lilly, David Ricks, CNBC's Jim Cramer, Ozempic, Novo, Mounjaro, George Frey, Lars Fruergaard Jorgensen, Wajahat Mehal, Tom Carper, Bill Cassidy of, We've, Camilla Sylvest, there's, Sylvest, Cowen, What's, It's, Mike Mason, Amgen, Emmanuel Papadakis Organizations: Novo Nordisk, Pfizer, Amgen, Barclays, Nordisk, Drug Administration, Mounjaro, SVB Securities, Food and Drug Administration, Pharmacy, Reuters Novo, Novo, Wegovy, European Union, Medicare, Yale School, Metabolic, Congressional Black Caucus, CDC, pharma, American Medical Association, , Big Pharma, American Diabetes Association, Deutsche Bank Locations: Lilly, Denmark, Provo , Utah, U.S, European, Delaware, Bill Cassidy of Louisiana, Novo, Kalundborg, Hillerød, Boone County , Indiana
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