By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PulseReporterPulseReporter
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Reading: Novo Nordisk selects insider as new CEO to sort out ‘current market challenges’
Share
Notification Show More
Font ResizerAa
PulseReporterPulseReporter
Font ResizerAa
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
PulseReporter > Blog > Money > Novo Nordisk selects insider as new CEO to sort out ‘current market challenges’
Money

Novo Nordisk selects insider as new CEO to sort out ‘current market challenges’

Pulse Reporter
Last updated: July 29, 2025 1:43 pm
Pulse Reporter 12 hours ago
Share
Novo Nordisk selects insider as new CEO to sort out ‘current market challenges’
SHARE



Danish drugmaker Novo Nordisk, identified for its blockbuster diabetes and weight-loss therapies Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts once more because it unveiled a brand new chief government to sort out “current market challenges”.

The corporate has confronted rising headwinds in the important thing US pharmaceutical market, the place the 2 medicine, generally known as GLP-1 injections, have seen their dominance challenged by rivals together with Eli Lilly.

A rule by the US Meals and Drug Administration permitting pharmacies to create so-called “compound” copycat variations of the drug after excessive demand led to shortages has additionally weighed on earnings, Novo stated.

“Regardless of the expiry of the FDA grace interval for mass compounding on Could 22, 2025, Novo Nordisk market analysis reveals that unsafe and illegal mass compounding has continued,” it stated in a press release.

It now expects full-year gross sales progress general of eight to 14 p.c, down from the 13 to 21 p.c anticipated after a primary forecast downgrade earlier this yr.

Working margins are seen reaching 10 to 16 p.c, as an alternative of the forecast of 16 to 24 p.c.

The decrease forecasts got here as Novo reported Tuesday an 18 p.c gross sales enhance for the primary half of the yr, whereas working revenue progress fell to 29 p.c after progress of 40 p.c in the identical interval final yr.

The “market challenges” prompted Novo to announce in Could the departure of its chief government Lars Fruergaard Jorgensen, who can be changed by Maziar Mike Doustdar, at the moment its vice chairman for worldwide operations.

“We’re assured that he’s the very best particular person to guide Novo Nordisk by its subsequent progress part,” board chairman Helge Lund stated in a press release.

“This is a vital second for Novo Nordisk,” Lund stated. “The market is creating quickly, and the corporate wants to handle current market challenges with velocity and ambition.”

Novo Nordisk’s full first-half outcomes can be printed August 6.

You Might Also Like

Trump protection secretary nominee accused of sexual assault by lady in 2017 police report

The Trump administration has begun garnishing wages of pupil mortgage debtors in default. These are the advantages companies can provide staff to assist with their debt

A scientific breakthrough researchers name ‘magic’ may rework stroke remedy

Indonesia’s nickel technique proved to be a ‘nice success’—however overcapacity and tech shifts might problem Jakarta’s ‘downstreaming’ hopes

Uber slapped with $324 million nice for sharing drivers’ private info

Share This Article
Facebook Twitter Email Print
Previous Article I've Collected 12 Animals In Movie, You Simply Have To Inform Me The Film They're From I've Collected 12 Animals In Movie, You Simply Have To Inform Me The Film They're From
Next Article Apple MacOS Tahoe 26: Prime New Options to Attempt Apple MacOS Tahoe 26: Prime New Options to Attempt
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

More News

‘Not dire, not wonderful, extra meh’: Job market cools as quits plummet in stagnant labor image
‘Not dire, not wonderful, extra meh’: Job market cools as quits plummet in stagnant labor image
14 minutes ago
Logan Lerman Pet Interview
Logan Lerman Pet Interview
29 minutes ago
Massive Tech Requested for Looser Clear Water Act Allowing. Trump Needs to Give It to Them
Massive Tech Requested for Looser Clear Water Act Allowing. Trump Needs to Give It to Them
57 minutes ago
Starlux Airways’ new Phoenix-Taiwan flights now on sale
Starlux Airways’ new Phoenix-Taiwan flights now on sale
1 hour ago
Starbucks shares climb as CEO Brian Niccol instills confidence {that a} revival is underway
Starbucks shares climb as CEO Brian Niccol instills confidence {that a} revival is underway
1 hour ago

About Us

about us

PulseReporter connects with and influences 20 million readers globally, establishing us as the leading destination for cutting-edge insights in entertainment, lifestyle, money, tech, travel, and investigative journalism.

Categories

  • Entertainment
  • Investigations
  • Lifestyle
  • Money
  • Tech
  • Travel

Trending

  • ‘Not dire, not wonderful, extra meh’: Job market cools as quits plummet in stagnant labor image
  • Logan Lerman Pet Interview
  • Massive Tech Requested for Looser Clear Water Act Allowing. Trump Needs to Give It to Them

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Disclaimer
2024 © Pulse Reporter. All Rights Reserved.
Welcome Back!

Sign in to your account