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Fortune
Fortune
Eleanor Pringle

Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

Karsten Munk Knudsen, chief financial officer of Novo Nordisk A/S (Credit: Charlotte de la Fuente—Bloomberg/Getty Images)

When Ozempic and Wegovy launched, their bombshell success was only going to be exclusive to their maker—Novo Nordisk—for a matter of time. While the Danish pharma giant holds the patents to these GLP-1 medications for the time being, some are due to expire as early as next year.

The success of these drugs, used to treat diabetes and obesity, has naturally caught the attention of Novo Nordisk’s competitors. America’s Eli Lilly, for example, is seeing growing demand for its Mounjaro product and is keen for a pill form of the medication to be pushed speedily through the U.S. approvals process.

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