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Novo Nordisk (Ozempic)
Acquired
Dual Mission Charitable Foundation for Diabetes Research and Support
A common generational transfer mechanism in Denmark is the Nordisk Foundation, which has a dual mission. The first mission is to produce and sell insulin at cost in Scandinavia to maximize access and humanitarian public health benefit, while exporting it at market prices to fund further diabetes research and development. Profits are not allowed in Scandinavia but are permitted from export activities, with all profits being sent to the foundation for research and grants supporting diabetes patients in Scandinavia.
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