The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, Novo Nordisk (NOVOb.CO), but also for its home country of Denmark.
A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023.
Novo Nordisk added 3,500 jobs in Denmark in 2022, bringing the total in the country to 21,000 employees, out of 59,000 worldwide, a company spokesperson said. "We team up with the political system and the ministers, to make sure we are kind of aligned" on issues such as climate and sustainability in agriculture, he said.Under a legal structure common in Denmark, the Foundation's wealth is managed by its investment arm, Novo Holdings, which owns a controlling stake - 28.1% of economic shares and 76.9% of voting shares - in Novo Nordisk.
Last year, the Foundation distributed grants worth about 1 billion euros, mostly in Denmark, focusing on life sciences, including research into obesity prevention and infectious diseases, humanitarian aid, and education and arts research.
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