Summary by Moomoo AI
Novo Nordisk A/S, a global healthcare leader in diabetes care, reported a robust financial performance for the first quarter of 2024. The company's sales surged by 22% in Danish kroner and 24% at constant exchange rates (CER) to DKK 65.3 billion. The operating profit followed suit, increasing by 27% in Danish kroner and 30% at CER to DKK 31.8 billion. North America Operations, particularly the US market, contributed significantly to this growth with a 34% increase in sales. The company's Diabetes and Obesity care segment saw a 25% rise in sales, driven by GLP-1 diabetes sales and Obesity care. However, rare disease sales experienced a slight decline. Notably, Novo Nordisk completed the FLOW kidney outcomes trial and received US approval for Wegovy for cardiovascular risk reduction...Show More