Analysis

November 2, 2023

How a “miracle” weight-loss drug created Europe’s most valuable company, and a startup investment machine

With $200m for seed investments annually, the company builder of Novo Holdings is on the prowl for great science


Mimi Billing

5 min read

Søren Møller, head of seed investments at Novo Holdings

With its “miracle” diabetes and weight-loss drugs Ozempic and Wegovy, Danish company Novo Nordisk has seen its stock soar by 210% in the last three years, a rare situation for a listed company during this financial downturn.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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Deeptech & AI

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The people, companies and trends shaping European AI and deeptech.