{"id":27107,"date":"2022-08-05T16:00:00","date_gmt":"2022-08-05T08:00:00","guid":{"rendered":"https:\/\/flcube.com\/?p=27107"},"modified":"2025-02-17T16:02:21","modified_gmt":"2025-02-17T08:02:21","slug":"novo-nordisks-h1-2022-results-show-strong-global-sales-growth-china-sales-dip","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=27107","title":{"rendered":"Novo Nordisk’s H1 2022 Results Show Strong Global Sales Growth, China Sales Dip"},"content":{"rendered":"\n

Denmark-based Novo Nordisk (NYSE: NVO<\/a>) released its H1 2022 financial results, reporting a 14% year-on-year (YOY) increase in global sales to DKK83.3 billion (USD11.42 billion) in constant exchange rate terms. The company saw strong sales growth in International Operations, up 10% YOY, and in North America, up 24% YOY.<\/p>\n\n\n\n

Diabetes and Obesity Care<\/strong>
Sales in Diabetes and Obesity care rose by 19% to DKK72.7 billion (USD9.96 billion), driven by a 45% expansion in GLP-1 diabetes drugs. Obesity care sales grew by 84%, with Wegovy (semaglutide) expected to be fully available in all dose strengths in the US by the end of 2022.<\/p>\n\n\n\n

China Region<\/strong>
In Region China (excluding Hong Kong and Taiwan), diabetes product sales fell by 7% YOY to DKK8.032 billion (USD1.1 billion), primarily due to a 17% YOY drop in insulin sales impacted by the sixth volume-based procurement (VBP) round focused on insulins. However, GLP-1 drugs sales grew by 83% YOY to DKK1.67 billion (USD288.8 million), mainly due to Ozempic (semaglutide) being included in the National Reimbursement Drug List (NRDL) from January 2022. The GLP-1 class share of the overall diabetes market value in Region China increased to 7.8% from 4.2% a year ago. Overall, China sales reached DKK8.4 billion (USD1.15 billion), down by 5% YOY.-Fineline Info & Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Denmark-based Novo Nordisk (NYSE: NVO) released its H1 2022 financial results, reporting a 14% year-on-year…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[39,27,148,860],"class_list":["post-27107","post","type-post","status-publish","format-standard","hentry","category-company","tag-diabetes","tag-finanical-reports","tag-novo-nordisk","tag-nyse-nvo"],"yoast_head":"\nNovo Nordisk's H1 2022 Results Show Strong Global Sales Growth, China Sales Dip - Insight, China's Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Denmark-based Novo Nordisk (NYSE: NVO) released its H1 2022 financial results, reporting a 14% year-on-year (YOY) increase in global sales to DKK83.3 billion (USD11.42 billion) in constant exchange rate terms. 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