MedWatch

Novo Holdings eyes opportunities as biotech bubble bursts

After years of speculation and premature IPOs, the biotech bubble has burst, says CEO of Novo Holdings Kasim Kutay, who’s now fishing in the troubled waters, saying that the downswing might not last.

Kasim Kutay, CEO of Novo Holdings | Photo: Novo Holdings / PR

In 2021, Novo Holdings could once again report that few life science players are better at making money than the holding company itself, which booked a total income of EUR 5bn in 2021.

While the Novo Nordisk and Novozymes’s stocks have increased markedly last year, the same can’t be said of the general biotech market, which has experienced a violent stock plummet. There has been a drop of over 10 percent on the Nasdaq biotech index, which has also impacted Novo Holdings, according to CEO of Novo Holdings Kasim Kutay.

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