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Ozempic drug giant sheds its boss the Danish way

The Observer

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May 18, 2025

The share price of Ozempic and Wegovy maker Novo Nordisk has been dropping faster than the body weight of its typical customer.

- By Matthew Bishop

From the peak last June, it is down by more than half, wiping hundreds of billions of dollars off its market capitalisation, which at a still hefty $254bn means it is no longer Europe’s most valuable company. On Friday, it was announced that this rapid financial slimming had cost CEO Lars Fruergaard Jørgensen his job.

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