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Russian invasion of Ukraine could have multimillion-dollar impact on Novo Nordisk

1 percent of Novo Nordisk’s total sales could potentially be impacted by the war in Ukraine, said Novo exec Maziar Mike Doustdar at the company’s capital markets day.

Maziar Mike Doustdar, EVP of international operations at Novo Nordisk | Photo: Novo Nordisk / PR
by CHRISTOPHER DUE KARLSSON, translated by daniel pedersen

It’s not yet fully known what Russia’s invasion of neighboring country Ukraine will mean for Denmark’s biggest pharmaceutical firm, Novo Nordisk.

Still, Maziar Mike Doustdar, EVP of international operations at Novo Nordisk, could partly unveil how much of the business could potentially be affected by the war in Ukraine in connection with the company’s capital markets day on Thursday, which transpired at Novo Nordisk headquarters in the Greater Copenhagen area.

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