Navigation Links
Novo Nordisk Increased Operating Profit by 11% in the First Nine Months of 2007 Based on a 9% Sales Increase and an Improved Gross Margin
Date:10/31/2007

PRINCETON, N.J., Oct. 31 /PRNewswire-FirstCall/ -- Novo Nordisk (NYSE: NVO), a global healthcare company, today released its financial statement for the period January 1, 2007 to September 30, 2007.

-- Novo Nordisk increased sales by 14% in local currencies and by 9% in

Danish kroner due to a significant negative currency development.

-- Sales of modern insulins increased by 37% (31% in Danish kroner).

-- Sales of NovoSeven(R) increased by 10% (4% in Danish kroner).

-- Sales of Norditropin(R) increased by 12% (7% in Danish kroner).

-- Sales in North America increased by 25% (15% in Danish kroner).

-- Gross margin increased to 76.7% in the first nine months of 2007 up

from 75.2% in the same period last year, primarily reflecting continued

productivity improvements.

-- Operating profit increased by 11% to USD 1,410 million. Adjusted for

the impact from currencies, underlying operating profit increased by

more than 20%.

-- Net profit increased by 60% to USD 1,361 million, primarily reflecting

the divestment of Dako's business activities in the second quarter of

2007. Earnings per share (diluted) increased by 62% to USD 4.26.

-- The expectation for full-year sales growth is still 11-14% measured in

local currencies and now 6-9% as reported due to the depreciation of

key invoicing currencies. Full-year operating profit growth remains

unchanged around 20% measured in local currencies and is now expected

to be close to 10% as reported.

-- In October, Novo Nordisk received marketing authorization for

Levemir(R) in Japan for both type 1 and type 2 diabetes including

combination treatment with oral antidiabetics.

Lars Rebien Sorensen, president and CEO, said "Our portfolio of modern insulins continues to show strong sales growth in all key markets. Within the next few months we
'/>"/>

SOURCE Novo Nordisk
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. cMaster RTplusPCR System for increased sensitivity and product length in RT-PCR
2. Increased Sensitivity in Microarray Analysis
3. Increased Transfer Efficiency Using a Discontinuous Buffer System With the Trans-Blot SD Cell
4. Increased Analyte Sensitivity through the Utility of Enhanced Mass-Resolution on the FinniganTSQ Quantum Discovery
5. VC funding increased in third quarter with shining life sciences
6. Wisconsin-based Third Wave reports increased revenue for 2003, fourth quarter
7. Alfalight Gets $3.8M From DARPA - Funding has increased to $8.5 Million
8. Brinkmann/Eppendorf SOP Standard Operating Procedure for Pipettes
9. Sonic Foundry posts explosive growth, though still operating at a loss
10. Fiserv reports $113.5 million in Q1 profit
11. Re-engineering our economy to be sustainable and profitable
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2015)... , May 28, 2015 ... announced the addition of Jain PharmaBiotech,s new ... and Companies"  to their offering.  ... remains a challenge in management. With nearly ... the seven major markets of the world ...
(Date:5/28/2015)... 2015 Research ... the addition of Jain PharmaBiotech,s new ... and Companies"  to their offering.  ,     ... and evaluates animal biotechnology and its ... as well as improvement in food ...
(Date:5/28/2015)... 27, 2015 Research and Markets( http://www.researchandmarkets.com/research/6cg3zw/cell_therapy ... new report "Cell Therapy - Technologies, Markets ... This report describes and evaluates cell therapy technologies ... an important role in the practice of medicine. ... fashioned bone marrow transplants. Role of cells in ...
(Date:5/28/2015)... LAWRENCEVILLE, N.J. , May 28, 2015 ... announced that it has received commitments from two institutional ... million of the Company,s common stock in an at-the-market ... warrants to purchase common stock. The Company ... pursuant to which the Company agreed to sell an ...
Breaking Biology Technology:Global Alzheimer Disease Report 2015-2024 - New Drugs, Markets and Companies 2Global Alzheimer Disease Report 2015-2024 - New Drugs, Markets and Companies 3Global Animal Biotechnology Report 2015 - Technologies, Markets and Companies Analysis to 2024 2Global Animal Biotechnology Report 2015 - Technologies, Markets and Companies Analysis to 2024 3Global Cell Therapy Market 2015-2020 - Technologies, Markets and Companies 2Celsion Corporation Announces $8 Million At-The-Market Registered Direct Offering 2Celsion Corporation Announces $8 Million At-The-Market Registered Direct Offering 3
... BEIJING, Oct. 27 /PRNewswire-Asia/ -- Sinovac ... biopharmaceutical products in China, announced today that,it has received ... from,China,s Ministry of Industry and Information Technology for the ... to produce an,additional 5.19 million doses of PANFLU.1 (15ug/0.5ml) ...
... ... surfacing products. These products will not only provide antimicrobial protection, they are low in ... proprietary antimicrobial additive chemistry is available in a wide range of RB Rubber products. ... McMinnville, OR ...
... and VIENNA, Oct. 27 eBioscience Corporation today ... technology pioneer Bender MedSystems GmbH in an all ... over 1,000 high profile immunology and oncology products ... target the life sciences and diagnostics markets. , ...
Cached Biology Technology:Sinovac Obtains Third H1N1 Vaccine Order from Chinese Central Government 2Sinovac Obtains Third H1N1 Vaccine Order from Chinese Central Government 3RB Rubber Introduces Environmentally Friendly Antimicrobial Rubber Flooring Products 2RB Rubber Introduces Environmentally Friendly Antimicrobial Rubber Flooring Products 3eBioscience Acquires Bender MedSystems; Business Combination Adds Cutting-Edge Product Lines and Expands International Operations 2eBioscience Acquires Bender MedSystems; Business Combination Adds Cutting-Edge Product Lines and Expands International Operations 3
(Date:5/25/2015)... 25, 2015  Australia,s market for wearable technologies is ... saw the advent of several trials and prototypes. The ... is expected to ignite interest in wearables as well ... Australia . This in turn will spur greater ... new partnerships amongst vendors and distributors. ...
(Date:5/20/2015)... 2015 Research ... the addition of the  "5-year Opportunity ... Market"  report to their offering.  ,     ... analyses trends in the iris recognition ... sectors, globally. Despite hardware pricing and ...
(Date:5/18/2015)... May 18, 2015 Fingerprint Cards (FPC) ... FPC1025, FPC1145, FPC1155 and FPC1035 from one if its module ... and including Q3 2015 and the sensors will be used ... order values for 2015 hereby amount to 740 MSEK to ... of 140 MSEK and a number of smaller orders not ...
Breaking Biology News(10 mins):Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 2Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 3Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 4Global Iris Recognition Market Report 2015 - 5-Year Opportunity Analysis 2Fingerprint Cards Receives Touch Fingerprint Sensor Order of SEK 230 Million and Raises Revenue Guidance for 2015 2
... the launch of the Channing Division of Network Medicine, ... Medicine. The Channing Division of Network Medicine will use ... causes of complex diseases. The research division plans to ... and treat those diseases. This new division ...
... after publishing its first issue, the online open-access journal ... 20 highest-impact microbiology journals according to Thomson Reuters, which ... Thomson Reuters tracks the number of times scholarly articles ... into "impact factors", rough measures of the quality or ...
... Two Kansas State University geologists are part of a ... of carbon dioxide. Carbon dioxide is a gas ... fuels and heat sources, among other causes. Studies have ... "Currently, more carbon dioxide is being produced by various ...
Cached Biology News:BWH launches a new research division focused on integrating systems biology and medicine 2American Society for Microbiology's newest journal earns a high impact factor in latest rankings 2Geologists testing aquifer rocks as containers to permanently trap carbon dioxide 2Geologists testing aquifer rocks as containers to permanently trap carbon dioxide 3
... designed for RNA aptamer screening and binding ... powerful Paraflo microfluidic on-chip synthesis platform. These ... comprehensive DNA/RNA Aptamer Microarray Service. ... Aptamer Microarray contains greater than 1500 known ...
... mouse embryonic stem cells to dopaminergic neurons. ... where they are mainly located in the ... the retrorubral field. These dopaminergic (DA) neurons ... ( e.g.projections to the caudate nucleus, putamen ...
... for RNA aptamer screening and binding optimization ... Paraflo microfluidic on-chip synthesis platform. Thousands of ... on-chip and LC Sciences can provide assistance ... available as part of our comprehensive DNA/RNA ...
... Microarrays designed for DNA aptamer screening ... flexible and powerful Paraflo microfluidic on-chip synthesis ... be synthesized on-chip and LC Sciences can ... microarrays are available as part of our ...
Biology Products: