{"id":255641,"date":"2024-08-20T10:25:17","date_gmt":"2024-08-20T10:25:17","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/20\/novo-nordisks-weight-loss-drugs-and-bavarian-nordics-mpox-vaccine-help-fatten-up-the-danish-economy\/"},"modified":"2025-06-25T17:12:01","modified_gmt":"2025-06-25T17:12:01","slug":"novo-nordisks-weight-loss-drugs-and-bavarian-nordics-mpox-vaccine-help-fatten-up-the-danish-economy","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/20\/novo-nordisks-weight-loss-drugs-and-bavarian-nordics-mpox-vaccine-help-fatten-up-the-danish-economy\/","title":{"rendered":"Novo Nordisk&#8217;s weight-loss drugs and Bavarian Nordic&#8217;s mpox vaccine help fatten up the Danish economy"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/08\/GettyImages-1587697699-e1724147755390.jpg?w=2048\" \/><\/p>\n<div data-cy=\"article-content\">\n<p>Denmark\u2019s economy returned to growth in the second quarter as drugmakers raised their output, illustrating the Scandinavian country\u2019s dependence on its pharmaceutical industry.<\/p>\n<div class=\"paywall\">\n<p>Gross domestic product rose 0.6% from the previous three months, Statistics Denmark\u00a0<a href=\"https:\/\/www.dst.dk\/da\/Statistik\/nyheder-analyser-publ\/nyt\/NytHtml?cid=48823\" target=\"_blank\" aria-label=\"Go to https:\/\/www.dst.dk\/da\/Statistik\/nyheder-analyser-publ\/nyt\/NytHtml?cid=48823\" rel=\"noreferrer noopener\" class=\"sc-93594058-0 fowfrQ\">said<\/a>\u00a0on Tuesday in a preliminary reading. The expansion was driven by drug companies which also drove a 1% contraction in the previous quarter.<\/p>\n<p>Denmark\u2019s flourishing drugmaking industry, mostly known for Novo Nordisk\u2019s popular weight-loss drugs and Bavarian Nordic A\/S\u2019s mpox vaccine, is an important growth driver the Nordic country. It was responsible for half of the economy\u2019s expansion last year when Denmark was one of the fastest growing in western Europe.<\/p>\n<p>Pharmaceutical companies play a \u201cdisproportionately large role\u201d in the Danish industrial production, causing \u201clarge fluctuations\u201d in national GDP figures from quarter to quarter, Palle Sorensen, chief analyst at Nykredit, said in a note.<\/p>\n<p>Production by Danish drugmakers rose\u00a0<a href=\"https:\/\/www.dst.dk\/da\/Statistik\/nyheder-analyser-publ\/nyt\/NytHtml?cid=48547\" target=\"_blank\" aria-label=\"Go to https:\/\/www.dst.dk\/da\/Statistik\/nyheder-analyser-publ\/nyt\/NytHtml?cid=48547\" rel=\"noreferrer noopener\" class=\"sc-93594058-0 fowfrQ\">8.5%<\/a>\u00a0over the quarter, according to data released earlier this month, following a significant drop the previous quarter.<\/p>\n<\/div>\n<div class=\"sc-1de0461b-0 yuNst article\" data-cy=\"subscriptionPlea\"><strong>Recommended Newsletter: <\/strong>High-level insights for high-powered executives. Subscribe to the CEO Daily newsletter for free today. <a href=\"https:\/\/www.fortune.com\/newsletters\/ceo-daily?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=ceod_v2081924&amp;itm_content=finance\" target=\"_self\" aria-label=\"Go to https:\/\/www.fortune.com\/newsletters\/ceo-daily?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=ceod_v2081924&amp;itm_content=finance\" class=\"sc-93594058-0 fowfrQ\" rel=\"noopener\">Subscribe now<\/a>.<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/europe\/2024\/08\/20\/novo-nordisk-weight-loss-drugs-bavarian-nordics-mpox-vaccine-fatten-up-the-danish-economy\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Denmark\u2019s economy returned to growth in the second quarter as drugmakers raised their output, illustrating the Scandinavian country\u2019s dependence on its pharmaceutical industry. Gross<\/p>\n","protected":false},"author":1,"featured_media":255642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/255641"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=255641"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/255641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/255642"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=255641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=255641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=255641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}