Victoza sales boost Novo Nordisk
Danish insulin giant Novo Nordisk (NVO: N) yesterday reported full-year 2011 sales of 66.35 billion Danish kroner ($11.72 billion), which increased by 11% in local currencies and 9% in Danish kroner, driven by modern insulins at and its novel type 2 diabetes drug Victoza (liraglutide). The company's shares rose nearly 5% to 713 kroner in Copenhagen after the release of the earnings report, as the results beat analysts’ expectations.
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