How Novo Nordisk Became Europe's most Valuable Company
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- Опубликовано: 4 авг 2024
- Novo Nordisk is located in the relatively small country of Denmark. A country with just under 6 million people. despite that Novo Nordisk has become more valuable than the likes of Walmart, Mastercard, and Tesla. In this video i will take you from Novo Nordisk's humble beginnings to it becoming Europe's Most Valuable Company.
The Rise of Novo Nordisk
How Ozempic Made Novo Nordisk Billions
Novo Nordisk: Europe's Most Valuable Company
-- VIDEO CHAPTERS --
0:00 Intro
0:41 The Beginning
3:29 The Rivals
5:16 Novo Nordisk's rise
8:02 The Nokia Effect 
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It might not cost that much to produce the actual product, but novo has spent over 20 years to develop the drug and are investing heavily into increasing manufacturing to keep up with demand.
Also - the growth in Denmark from pharma isn’t just from novo, but the entire industry and the country has a lot of pharmaceutical companies. It would be the same if you took tech out of the USA economy and said that it would shrink had it not been for Apple and Microsoft etc
Nice video - the price of 1000 dollars must be the US price after all the middle salesmen in the US system - it costs me about 100 dollars per month to use on the middle dosage ( Diabetic type 2 here ) I live in Denmark btw.... Leo is actually in my town. These days they produce medicin for dermatology and some few products for trombosis - not even close to the grandieur of Novo
Great video pal, I learned some stuff as a Dane I didn't know. Thought you were a huge channel, man
Great video! My only comment would be to decrease the number of ticking sounds for every thing that fades in. It distracts from your great narration.
Amazing quality video, deserves more views
My boy, your video is of such a quality I didn't realise you only have 5 subs
Amazing production quality and a well researched video. I suspect this channel is gonna he huge
How does this dude only have 19 subs. I just subbed this video is insanely good! Keep up the good work. You are going far.
Why did it take two months and two days before RUclips bothered to recommend it to me? I feel cheated!
Magnificent background music, glad I watched while wearing my high quality earphones
Great video, good luck
Great vid. A small conclusion in the end would be nice. Ends so abruptly. Other than that, high production and great content😁
Great video, surprised it's only got a bunch of view.
great video, this is motivation
Great video, keep it up.
Good job and great quality,
By the way. Woah. First comment on the first video.
Very nice video♥️
Awesome video. Next video idea: how did ASML get to become the one producer of chip manufacturing machines?
It's important to consider that the very high cost of Ozempic in the US is due to the system, everyone part of the value chain takes a high cut. Thus all medication is expensive in the US.
The big difference between the Nokia/Finland issue and NovoNordisk/Denmark is that Nokia’s technology could easily be replaced/outdone, whereas a patented pharmaceutical product has 10 years to create huge profits, before patent expiry. All the while, a product pipeline brings new products to market. There is the major difference between the technology and pharma sectors.
While true, the Pharma industry isn't invincible to change due to future regulations etc.
Such a good video and then you compare GDP with market cap... it's completely wrong to compare those to metrics. You may be able to compare GDP with revenue or profits that are both annual fiqures, but market cap is a representation of all future cash flows. Misleading. Like you're saying market cap of Nokia is higher than Finland's gdp... but Nokia is part of Finlands GDP...
Keep up the good work 👍 Your comparison between Denmark's GDP and Novo's MC is, however, a bit misleading. GDP is a flow measure (a country's total production over 1 year), whereas MC is a stock measure (the present value of all expected dividends over the entire life of the company).
Well, using it to compare to Finland with Nokia makes sense, it highlights the danger of a national economy where a single sector or company suddenly starts or stops being a primary economic driver.
Denmark has a more robust economy than Finland, but its still worth keeping in mind to not rely on Novo Nordisk. Which is also why the Danish government have taken to discounting Novo Nordisk from financial planning so any income from Novo is a happy bonus and any crash by Novo will not cause national budgets to falter.
It's absolutely true that GDP cannot be compared directly to market cap, and many ignorant people around the internet have made it out like Novo could "buy Denmark" and such, which is ridiculous on every level. However companies like Novo existing in small economies can absolutely poison the economy from within and it needs to be kept in mind.
Nice video, did you edit it yourself?
Yes😁
Denmark does what Finland should have done. They don't count novo nordisk profits into their budget. So any money received from novo is counted as bonus. The whole company could vanish from 1 day to another and Denmark would be fine.
Nordisk truly found a gold mine. But you gotta keep it.
👍👍
Strange ending to the video
wow, news to me
8:54 / 8:54
I would rather live in a poorer country, than watch Novo Nordisk force people to pay insane prices for life-saving medication. They did pledge to lower prices by 75% in the US though, but that was because of pressure from competitors and government. They can literally make insulin at less than 3 USD per dose and still be profitable, according to their own website with their efforts in poor countries, so it's not a stretch to say that they should be able to lower the prices in the US to waaaay less that freaking $98...
If you don't wanna see Denmark suffer from this, just buy more lego or something..
@@MrBernt1968 Dude. I'm danish. Living in Denmark.
@@MrBernt1968 Furthermore, aside from ACTUALLY BEING DANISH, i'm not talking about healthcare and prices, i'm talking about a pharmaceutical company inflating prices on life-saving medication for profit...
Det er en ommer, Bernt..
They really should lower those outrageous prices.
Being a company that trade it's stock on the market, the sworn purpose of a company, is to maximize their profits. Lowering prices will be bad for profit, and they would act against what they have sworn to do.
Great video - If I want to hire you for a video project what email should I reach you?