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Novo Nordisk: Ozempic Gets Positive Evaluation for Kidney Treatment

Ozempic, manufactured by Novo Nordisk, gains EMA approval for chronic kidney disease, reducing disease progression by 24%, per the Flow trial. With 40% of type 2 diabetes patients developing kidney issues, it’s the first GLP-1 receptor agonist for this use. Novo Nordisk’s Q3 revenue surged 48%, driven by Ozempic, Wegovy, and innovative therapies like CagriSema.

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Ozempic

Ozempic continues to expand its footprint. Its manufacturer Novo Nordisk has announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has approved the drug’s use for chronic kidney disease.

The Danish pharmaceutical company has presented the Flow trial, which evaluates the risk reduction of Ozempic therapy in events related to the disease. The trial demonstrated a statistically significant and superior reduction of 24% in the risk and progression of kidney disease .

The trial was launched because of the correlation between diabetes and these types of diseases. “Approximately 40% of people with type 2 diabetes develop chronic kidney disease , and there is a need for treatments that can help reduce the progression of kidney disease,” said Martin Holst Lange, executive vice president of development at Novo Nordisk.

Novo Nordisk boosts revenue by 48% in the third quarter, thanks to Ozempic and Wegovy

“With this positive opinion, Ozempic will become the first and only GLP-1 receptor agonist to show a reduction in the risk of kidney disease progression in adults with type 2 diabetes and chronic kidney disease,” the company added.

Novo Nordisk has also applied for an extension of the Ozempic label in the United States, with a decision expected in the first half of 2025. In parallel, the pharmaceutical company is working on a weight-loss pill.

The company is also developing another two-drug combination known as CagriSema, which also targets the hormone amylin. According to the pharmaceutical company, it has a weight loss potential of up to 25%.

Novo Nordisk closed the third quarter with revenue of $2.313 billion, up 48% from the same period last year. The company attributed the growth to sales of Wegovy, another weight-loss drug.

Novo Nordisk invests 1.14 billion euros in a new factory in Denmark

Novo Nordisk is strengthening its position in its home market. The Danish pharmaceutical giant has announced an investment of 8.5 billion crowns (1.14 billion euros) in a new factory in the city of Odense.

Specifically, the new plant will specialise in the production of medicines to treat rare diseases . Novo Nordisk acquired the plot last summer, although at the time it did not indicate what it would be used for.

The facility will house a warehouse and a factory. “The space will be designed to be modular and flexible and able to accommodate multiple types of products to treat rare diseases such as haemophilia,” Novo Nordisk said in a statement.

With its construction, the company is resuming the renewal of its production muscle in Denmark, after a century without opening new factories in the country. Novo Nordisk plans to have the plant operational in 2027 and will employ four hundred workers.

Novo Nordisk also announced another new factory in its home market this year

Last August, Novo Nordisk announced another investment in its home market, specialising in its pharmatech unit . The company will also strengthen its presence abroad with a €4 billion investment in a plant in the United States, dedicated to filling injection pens for Ozempic and Wegovy.

In parallel, the group received approval from the European Medicines Agency (EMA) last week to include properties for treating chronic kidney disease on the Ozempic label.

Novo Nordisk closed the third quarter with revenue of $2.313 billion, up 48% from the same period last year. The company attributed the growth to sales of Wegovy, another weight-loss drug.

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(Featured image by Supliful via Unsplash)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.