Novo Nordisk A/S (NYSE:NVO)
$ 133.96 1.04 (0.78%) Market Cap: 596.77 Bil Enterprise Value: 594.69 Bil PE Ratio: 46.35 PB Ratio: 41.35 GF Score: 92/100

Novo Nordisk A/S to Discuss Supply Challenges for Wegovy Call Transcript

Dec 20, 2021 / 07:30AM GMT
Release Date Price: $51.77 (-3.65%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to Wegovy Supply Update. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Karsten Knudsen. Please go ahead, sir.

Karsten Munk Knudsen;S;Executive VP
Novo Nordisk A;CFO & Member of the Management Board

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Thank you. Good morning, and welcome to the Novo Nordisk Wegovy Supply Update. My name is Karsten Knudsen, CFO of Novo Nordisk. And with me today, I have Henrik Wulff, EVP of Product Supply.

This meeting follows the company announcement we issued Friday afternoon following a meeting with our contract manufacturing organization updating us on the supply consequences of a cGMP issue they have witnessed.

According to Danish rules, we must immediately disclose such information to the market if deemed material, which we assessed. And following that, we have been assessing the situation and we will now, over the next 30 minutes, provide a status of the Wegovy supply situation based on our

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