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Denmark’s Economy Runs on Novo. Will the Drugmaker’s Troubles Slim It Down?

Markets

Sanne Wass, Christian Wienberg

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August 3, 2025

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Bloomberg

Denmark’s status as one of the few countries in Europe with an expanding economy rests in part on the success of its homegrown hero, Novo Nordisk A/S. Thanks to the pharmaceutical giant’s astronomical rise, the country enjoyed growth of 3.5% last year, outpacing most nations in the region. But after a series of stumbles, Novo is struggling to retain its edge in the cutthroat US weight-loss market.

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