5 ms·
There are some examples of this like Novo Nordisk. They operate as a wholly owned subsidiary of a nonprofit foundation[1] whose purpose is to encourage medical
by koenneker 3y ago
There are some examples of this like Novo Nordisk.
They operate as a wholly owned subsidiary of a nonprofit foundation[1] whose purpose is to encourage medical research.
[1]https://en.wikipedia.org/wiki/Novo_Nordisk_Foundation https://en.wikipedia.org/wiki/Novo_Nordisk_Foundation
- bart_spoon 3y agoNovo Nordisk is publicly traded and has received just as much flak as anyone for supposedly exorbitant pricing of its insulin as well as its block buster weight loss drugs Ozempic and Wegovy, which are poised to become among the most profitable drugs ever made. If that is what non-profits in Pharma are supposed to be, what is the difference with for profits?