A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.
Norway's giant wealth fund, the world's largest, touted the possibility that Danish drugmaker Novo Nordisk and U.S. rival Eli Lilly could be on course to become the first healthcare members of the trillion-dollar club.
Novo Nordisk, Europe's largest firm by market capitalization, on Wednesday reported stronger-than-anticipated 2023 earnings, as sales of its hugely popular drug Wegovy continued to soar.
The largest pharmaceutical company in the world by market value, Eli Lilly currently stands at roughly $612 billion.
NBIM, the world's biggest single stock market investor, holds a 2.5% stake in Novo Nordisk and a 0.98% stake in Eli Lilly, according to LSEG data.
Persons:
Eli Lilly, Wegovy, Gemma Game, Eli Lilly's Zepbound
Organizations:
Novo Nordisk, Pharmacy, Norges Bank Investment Management, Nordisk's Ozempic
Locations:
Provo , Utah, U.S, Danish, Europe's