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Denmark slashes its 2025 growth forecast due to Novo Nordisk's woes. Novo Nordisk is a pharmaceutical company specializing in diabetes and obesity treatment products, as well as rare disease treatments. The company's net sales are primarily generated in the US and China.

Title: Denmark Slashes 2025 Growth Forecast Amid Novo Nordisk's Slowdown

Denmark has significantly revised its 2025 growth forecast to 1.4% from an initial 3%, largely due to the slowdown experienced by Novo Nordisk, a major Danish pharmaceutical company. This adjustment reflects a downturn in the global market for diabetes and obesity treatments, particularly in the United States.

Novo Nordisk, known for its blockbuster drugs such as Ozempic and Wegovy, has seen a significant decline in its U.S. market share due to increased competition and generic medicines. The company's recent partnership with Replicate Bioscience, aimed at developing new obesity and diabetes treatments, may offer some relief but has not yet translated into immediate sales growth [2].

The Danish economy ministry attributed the downward revision to several factors, including a significant drop in U.S. exports, inventory build-up, and increased competition in the weight loss drug market. The ministry also noted the impact of U.S. tariffs on its growth forecast. Despite these challenges, Denmark's economy remains robust, with high employment rates and inflation expected to be below 2% annually [1].

Novo Nordisk's new CEO, Maziar Mike Doustdar, took office in August 2025, aiming to navigate the company through these challenges. The company is actively expanding its obesity pipeline and diversifying its offerings, including the development of oral small-molecule treatments for obesity and other cardiometabolic conditions [3].

Investors are closely watching both Novo Nordisk (NVO) and Viking Therapeutics (VKTX) in the GLP-1 space. While Novo Nordisk continues to lead with its extensive diabetes portfolio and strong market share, Viking Therapeutics' VK2735 has shown promising results in clinical studies, although it faces challenges with drug tolerability and safety [3].

In summary, Denmark's revised growth forecast highlights the impact of pharmaceutical market dynamics on the country's economy. As Novo Nordisk and other players in the space navigate these challenges, investors will continue to evaluate the relative safety and potential of these investments.

References:
[1] https://www.cnbc.com/2025/08/29/denmark-slashes-2025-growth-forecast-amid-novo-nordisk-slowdown-.html
[2] https://www.marketscreener.com/news/novo-nordisk-partners-with-replicate-bioscience-on-obesity-and-type-2-diabetes-research-ce7c50dfd189f22c
[3] https://www.nasdaq.com/articles/novo-nordisk-vs-viking-therapeutics-which-glp-1-stock-safer-bet