Business is booming for the maker of weight-loss drugs Wegovy and Ozempic — so much so that it is threatening luxury giant LVMH's crown as Europe's most valuable firm

Tue, 09/05/2023 - 06:32

Photo of man injecting drug into stomach — The Danish pharmaceutical giant makes the buzzy weight-loss drugs Wegovy and Ozempic.
OLEKSANDRA TROIAN/Getty Images

Novo Nordisk has been trading places with LVMH for the title of Europe's most valuable company.
The Danish pharmaceutical giant makes the buzzy weight-loss drugs Wegovy and Ozempic.
Its at-home injections are in high demand, but some insurers say they won't cover the high prices.

Novo Nordisk, the maker of weight-loss drug Wegovy and diabetes drug Ozempic, has been trading places with French luxury-goods conglomerate LVMH for the title of now Europe's most valuable firm.