The runaway success of diabetes and weight-loss drugs Ozempic and Wegovy have turned their maker, Novo Nordisk, into a juggernaut. Last year the Danish drugmaker claimed the title of Europe’s most valuable company. But the development of these drugs was a long, uphill battle.The FT’s global pharmaceutical editor Hannah Kuchler explains how the company’s unique ownership structure played a critical role in the company’s achievements and looks at the challenges ahead.
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For further reading:
FT Person of the Year: Lars Fruergaard Jørgensen of Novo Nordisk)
How anti-obesity drugs built the world’s largest charitable foundation)
Obesity drugs: broadly good for investors, with some strictures)
Covid-19 vaccine winners suffer reversal of fortune)
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