MedWatch

Novo Nordisk wins big on strong US dollar

The sharply rising US dollar exchange rate compared to the Danish krone is very lucrative for Danish firms. Novo Nordisk is the clear winner, but many other healthcare companies also stand to benefit.

Photo: Jacob Gronholt-Pedersen/REUTERS / X04292

Danish business, with pharmaceutical flagship Novo Nordisk at the forefront, is winning big on a dramatic rise in the US dollar exchange rate.

This year alone, the US dollar has increased in value by nearly 10 percent compared to the Danish krone, and many of the leading companies in Denmark have benefitted from this change.

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