Novo Nordisk: Moving From Strength To Strength

May 03, 2023 6:38 AM ETNovo Nordisk A/S (NVO) StockNVO5 Comments
David Ahern
981 Followers

Summary

  • Novo Nordisk continues to see tremendous demand for its diabetes drugs Ozempic and Wegovy, but not necessarily for diabetes.
  • The company's pipeline continues to put out strong drugs with great demand in the markets, leading to continued long-term success.
  • The great demand for the company's drugs has also led to a big run up in the stock price, but is it worth it? We dig in to find out.
Insulin Drugmaker Noro Nordisk To Drastically Cut Prices Of Diabetes Drugs

Joe Raedle/Getty Images News

Novo Nordisk (NVO), or Novo Nordisk, is a global healthcare business headquartered in Denmark. They focus on diabetes and obesity medicines with a market cap of 322 DKK million. Last year they generated revenues of DKK 176,954 million and cash flow of

This article was written by

981 Followers
I am a self-taught investor who looks for companies that I can buy and hold for a long time. In the tradition of my favorite value investors. I am also very interested in finding the intrinsic value of companies and using that to calculate a margin of safety into any company that I buy. I have started a podcast Investing for Beginners with Andrew Sather of einvesting for beginners. This podcast features full-length interviews with beginners, interviews with pros like Ben Reynolds, and Andrew and I talking about issues as well.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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