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Why Novo Nordisk Stock Soared 53% in 2023 (Hint: It Wasn't Just Ozempic)
NVONovo Nordisk(NVO) The Motley Fool·2024-01-13 10:48

Going into 2023, Novo Nordisk's (NVO 0.44%) share price had jumped by at least 50% seven times over the previous four decades. The Danish drugmaker added one to that total last year, though, with its stock soaring 53% higher.It probably will come as no surprise that Novo Nordisk's wildly popular drug Ozempic played a key role in the sizzling gains achieved in 2023. However, Novo's success wasn't only due to Ozempic.Exactly how Novo Nordisk crushed it last yearNovo Nordisk got off to a strong start last year ...