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Novo Nordisk A/S (NVO)


NYSE - Nasdaq Real Time Price. Currency in USD
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41.645-0.22 (-0.51%)
As of 3:27PM EDT. Market open.
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  • does this company send out 1099 or k1 form ? thanks
  • NVO Nonacog beta pegol $40.85
    BLA filing announced May 16, 2016. PDUFA estimate May 16, 2017. Advisory Committee Meeting April 4, 2017.
  • Woohoo NVO beat and raise. Although, the profit forecast is still only a miserable couple of points on the plus side.

    @@@@Novo Nordisk A/S (NVO) shares surged to a seven-month high Wednesday after the world's biggest maker of insulin posted stronger-than-expected first quarter earnings and boosted its full-year outlook. Novo Nordisk said sales for the three months ending in March rose 5% to Dkr28.5 billion ($4.2 billion), beating the FactSet compiled consensus of Drk27.9 billion. Operating profit for the quarter was also ahead of expectations, rising 10% to Dkr13.5 billion. The group also raised the lower portion of its full-year operating profit forecast range by around one percentage point to between -1% and +3% compared for a previous estimate of -2% to +3%.

    https://www.thestreet.com/story/14115538/1/novo-nordisk-tops-first-quarter-profit-forecast-lifts-lower-end-of-full-year-guidance.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

    Novo Nordisk Hits 2017 High After Q1 Profit Beat, Full-Year Guidance Boost
    Novo Nordisk shares surged to a year-to-date high Wednesday after the world's biggest maker of insulin posted stronger-than-expected first quarter earnings and boosted its full-year outlook.
    www.thestreet.com
  • Novo Nordisk A/S - Reduction of the share capital

    Bagsværd, Denmark, 21 April 2017 - At Novo Nordisk's Annual General Meeting on 23 March 2017, it was decided to reduce the company's B share capital from DKK 402,512,800 to DKK 392,512,800 by cancellation of part of the company's portfolio of own B shares at a nominal value of DKK 10,000,000 divided into 50,000,000 B shares of DKK 0.20 each.

    Today, Novo Nordisk has registered the implementation of the reduction of the share capital with the Danish Business Authority and cancelled nominally DKK 10,000,000 B shares. After the reduction of the share capital, the company's share capital is nominally DKK 500,000,000, which is divided into an A share capital of nominally DKK 107,487,200 and a B share capital of nominally DKK 392,512,800.

    The reduction in the share capital will not affect Novo Nordisk's share repurchase programme which will continue as previously announced.
  • Received an alert this am about $NVO from http://thesubwaytrader.com/?s=NVO, you may want to take a look. Trading stocks day trading. Law of promotional tours: jet lag accumulates unit directionally towards maximum difficulty to perform.

    The Subway Trader: Trading Stocks and Making Money
    Stock alerts from the The Subway Trader. Stock trading, making money and always looking for the next big money maker.
    thesubwaytrader.com
  • So who is driving up NVO share price...earnings next week.
  • worst company ever!
  • Noone wants to talk about Novo Nordisk? (sad...)
  • Less sugar equals less diabetes.

    @@@Following a long-term push to meet a shifting consumer demand for healthier products, Switzerland-based Nestlé SA (NSRGY) says that by next year, KitKat, Aeros, Lion and After Eight chocolate candies will have 10% less sugar. The world’s largest food company indicates that the 7,500 metric tonnes of sugar will be replaced with existing and non-artificial ingredients.“Nestlé is at the forefront of efforts to research and develop new technology that makes food products better for our consumers. These innovations will help us to reduce sugar in confectionery when they are combined with other, more common methods like reformulating recipes and swapping sugar for other, non-artificial ingredients,” said Fiona Kendrick, chairman of Nestlé UK and Ireland.

    http://www.investopedia.com/news/nestle-chocolate-prods-have-10-less-sugar/?partner=YahooSA

    Nestle Chocolate Prods. to Have 10% Less Sugar
    The food company's latest announcement reflects the trend to attract health-conscious consumers.
    www.investopedia.com
  • And now, throw in a possible acquisition to complicate execution. Quite the quagmire NVO is in. Being forced to step so far out of its comfort zone must be very unnerving to those executives who have been wearing rose colored glasses for the last couple of years.

    @@@@Danish drugmaker Novo Nordisk A/S (NOVOb.CO) has approached Global Blood Therapeutics Inc (GBT.O), a U.S. biotechnology company focused on serious blood disorders, to discuss a potential acquisition, people familiar with the matter said.The approach comes as Novo Nordisk seeks to shore up declining sales from its aging diabetes franchise. With its suite of blood disease treatments under development, Global Blood Therapeutics would be a boon to Novo Nordisk's portfolio.

    http://uk.reuters.com/article/us-globalbloodtherapeutics-m-a-novo-nord-idUKKBN16F1ZI

    Exclusive: Novo Nordisk in bid for Global Blood Therapeutics - sources
    Danish drugmaker Novo Nordisk A/S (NOVOb.CO) has approached Global Blood Therapeutics Inc (GBT.O), a U.S. biotechnology company focused on serious blood disorders, to discuss a potential acquisition, people familiar with the matter said.
    uk.reuters.com
  • The situation in the US continues to degrade for NVO. The Head of NA Operations has resigned.

    @@@@Novo Nordisk (NOVOb.CO), the world's largest insulin maker, said on Wednesday the head of its North American operations Jakob Riis has resigned, casting doubt over its strategy in a market that accounts for more than half its sales. Riis joined the company in 1996 but was appointed to his current role only in September. The resignation comes after Novo Nordisk disappointed investors last month with a lower 2017 sales and profit growth forecast, citing price pressure and political uncertainty in the United States. Riis had previously been regarded as heir apparent to Lars Rebien Sorensen, who stepped down as long-serving CEO in September last year.

    http://www.reuters.com/article/us-novo-nordisk-moves-idUSKBN1683HT

    Novo Nordisk replaces head of North American operations
    Pedersen
    www.reuters.com
  • Based on the eps estimate for next year 2.42 in the short-term NVO does not seem to be like a good trade. Im not sure about you guys but awe-someSTOCKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
  • Another guidedown Now NVO is forecasting ~2% revenue and ZERO profit growth in 2017 Yuk.

    @@@Novo Nordisk (NVO) shares slumped after the world's largest diabetes drug maker reported disappointing fourth-quarter operating profits due to price pressure and increased competition in the U.S. Novo Nordisk also lowered its 2017 operating profit and sales growth outlook, which pushed shares down more than 5.3% by at 0920 GMT in Copenhagen to change hands at Dkr236 each and wiping out all of the gains recorded in the past three months. The company lowered its 2017 sales forecast to be in the range of a decline of 1% to a growth of 4%, and operating profit growth to be between a decline of 2% and growth of 3%, both in local currency. "2016 was a challenging year. While we met our financial guidance for the year, strong market headwinds in the USA meant that we had to revise our long-term financial target
  • Original news:

    Novo Nordisk increased adjusted operating profit by 6% in local currencies in 2016

    Sales increased by 6% in local currencies and by 4% in Danish kroner to DKK 111.8 billion.

    Sales of Tresiba® increased by 221% to DKK 4.1 billion (219% in Danish kroner).
    Sales of Victoza® increased by 12% to DKK 20.0 billion (11% in Danish kroner).
    Sales of Saxenda® increased by 245% to DKK 1.6 billion (243% in Danish kroner).
    Sales in the USA increased by 4% (4% in Danish kroner).
    Sales in International Operations increased by 14% (2% in Danish kroner).
    Sales in Region China increased by 12% (6% in Danish kroner).
    Operating profit was unchanged in local currencies and decreased by 2% in Danish kroner to DKK 48.4 billion. Adjusted for the non-recurring income related to the partial divestment of NNIT and the income related to out-licensing of assets for inflammatory disorders, both in 2015, operating profit in local currencies increased by 6%, in line with the most recent guidance of a '5-7% growth in local currencies' provided in October 2016.
    Net profit increased by 9% to DKK 37.9 billion. Diluted earnings per share increased by 11% to DKK 14.96. Adjusted for the partial divestment of NNIT, net profit and diluted earnings per share increased by 17% and 19%, respectively.

    In November 2016, Novo Nordisk announced that Tresiba® demonstrated a safe cardiovascular profile and a statistically significant 40% reduced risk of severe hypoglycaemia compared to insulin glargine U100 in the DEVOTE trial.

    Also in November 2016, Novo Nordisk received the FDA approval of Xultophy® 100/3.6, the once-daily combination of insulin degludec (Tresiba®) and liraglutide (Victoza®). In January 2017, Novo Nordisk received EU approval of Fiasp®, the new-generation fast-acting insulin.

    On 1 January 2017, Lars Fruergaard Jørgensen replaced Lars Rebien Sørensen as president and CEO, who retired after 34 years of loyal service with the company, the last 16 years as CEO.

    For 2017, reported sales growth is expected to be 1-6% measured in Danish kroner, positively impacted by currencies of 2 percentage points. Reported operating profit growth is expected to be 0-5% measured in Danish kroner, positively impacted by currencies of 2 percentage points.

    At the Annual General Meeting on 23 March 2017, the Board of Directors will propose a final dividend of DKK 4.60 for 2016 per share of DKK 0.20. The expected total dividend for 2016 of DKK 7.60 per share, of which DKK 3.00 per share was paid as interim dividend in August 2016, corresponds to an increase of 19% compared to 2015. The Board of Directors furthermore intends to initiate a new 12-months share repurchase programme of up to DKK 16 billion.

    Lars Fruergaard Jørgensen, president and CEO: "2016 was a challenging year. While we met our financial guidance for the year, strong market headwinds in the USA meant that we had to revise our long-term financial targets. However, 2016 was also a year in which we announced very encouraging clinical data for our key products, providing a solid foundation for future growth."
  • Posted in $SHPG conversation

    The list... $SHPG wants in. Who else has applied... $NVO? $ABBV? $GILD?

    @@@@China is set to add more than 300 new and traditional drugs to its list of medicines the state will help patients pay for, the first change in more than seven years that will boost treatments for cancer, kidney disease, hepatitis and haemophilia. Dublin-based drugmaker Shire, which specializes in rare diseases, told Reuters in November that it hoped to get its haemophilia treatment on the main section of the NRDL as part of a drive to double its Asian sales by 2020. Patients currently have only limited access to the drugs. "This is a rare opening of the NRDL. It is a window of opportunity," said Peter Fang, Shire's head of Asia Pacific.

    http://www.reuters.com/article/us-health-china-drugs-idUSKBN15A0LX

    Cancer, hepatitis treatments set for boost as China overhauls drugs list
    China is set to add more than 300 new and traditional drugs to its list of medicines the state will help patients pay for, the first change in more than seven years that will boost treatments for cancer, kidney disease, hepatitis and haemophilia.
    www.reuters.com
  • The list. Be on it or be square.

    http://www.reuters.com/article/us-health-china-drugs-idUSKBN15A0LX

    Cancer, hepatitis treatments set for boost as China overhauls drugs list
    China is set to add more than 300 new and traditional drugs to its list of medicines the state will help patients pay for, the first change in more than seven years that will boost treatments for cancer, kidney disease, hepatitis and haemophilia.
    www.reuters.com
  • excellent decision to repurchase shares at this low valuation!
  • Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a
    12-month period beginning 3 February 2016. As of 16 December 2016, Novo Nordisk has
    repurchased a total of 42,572,042 B shares equal to a transaction value of DKK
    13,187,280,876.
    Accumulated, last announcement 9,891,905 2,309,020,501
    12 December 2016 295,000 251.63 74,231,040
    13 December 2016 294,800 251.22 74,058,259
    14 December 2016 330,000 249.24 82,248,258
    15 December 2016 285,000 251.38 71,642,219
    16 December 2016 300,000 254.41 76,322,154
    Accumulated under the programme 11,396,705 2,687,522,430



    Lot of money can still use for sheep shares 15-13,18=1,82
  • NVO is hanging on for dear life at the fib 50% retrace level of the long climb up from ~8 Apr/09 to ~60 Jul/15
  • A new cure for diabetes is emerging. Good news for NSRGY. Not so good news for NVO.

    https://www.bloomberg.com/news/articles/2016-11-30/nestle-scientists-find-method-to-cut-sugar-in-chocolate-by-40

    Nestle Scientists Find Method to Cut Sugar in Chocolate by 40%
    The discovery may give the KitKat maker an edge as food producers face increasing pressure from governments, health advocates and shoppers to make products healthier.
    www.bloomberg.com