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In Good Company with Nicolai Tangen

Lars Fruergaard Jørgensen CEO of Novo Nordisk

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8186 Ratings

🗓️ 15 March 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

“I'm very concerned that European citizens will have lack of access or much lower access to some of the new medicines” says CEO of Novo Nordisk. He also share some interesting perspectives about the importance of purpose and their new weight loss drug.

The production team on this episode were PLAN-B’s Niklas Figenschau Johansen and Nikolai Ovenberg. Background research was done by Sigurd Brekke with input from portfolio manager Gemma Game.


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Transcript

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0:00.0

Hi everybody and welcome at our podcast in Good Company. I'm Nicola Tangen, the CEO of the

0:06.2

Norwegian someone welfare. In this podcast, I talk to the leaders of some of the largest companies

0:10.7

we are invested in so that you can learn what we own and meet these impressive leaders. Today, I'm

0:16.3

speaking to Lars Fugard Jorgensen, the CEO of Nordo Nordisk, the second largest pharma company in the world.

0:23.3

Lars is a bit like a quiet assassin, really, really impressive.

0:28.5

Nova's goal is to defeat some of the biggest health challenges the world is facing, such as obesity.

0:34.4

We own almost 2% of Nova Nordisk, translating into 57 billion crowner or almost 6 billion

0:39.8

US dollars. This was a truly amazing conversation. Stay tuned.

0:47.5

So, Lars, very welcome to the podcast.

0:56.1

Nova Nordisk has got an unrivaled reputation worldwide, so it's fantastic to have you on.

1:00.8

Thank you, Nibla.

1:01.3

It's in order to be here.

1:02.4

Now, I thought I'd kick off on obesity, because it's such a big problem.

1:06.5

And it's triples in 75, more than 1 billion people are obese.

1:12.9

And I read somewhere that it now accounts for nearly the cost of obesity, nearly accounts for

1:18.6

3% of world GDP.

1:21.9

Now, what are the drivers behind this?

1:24.2

It's interesting to reflect on obesity and the fact that it's now being recognized as a

1:29.1

disease, not among all, but increasingly. And until now, there has not been real efficacious medicine.

1:37.9

And when you don't have efficacious medicine, often the medical community is not highly engaged in a disease.

1:46.2

So what's happening now is that we acknowledge that it's not just about lifestyle,

1:50.9

it's not just about how much we eat, it's actually about genetics,

...

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