Helena Lyng Blak
3 weeks ago

Massive Fires at Novo Nordisk

The fire is spreading.
Prague,Czech republic: June 22 2023. — Photo by jaroslav.semerad@gmail.com
Prague,Czech republic: June 22 2023. — Photo by jaroslav.semerad@gmail.com

On Wednesday, May 22, 2024, for the second time in a week, buildings of Danish pharma giant Novo Nordisk are on fire.

According to Danish TV2, the fire started in a container tower and has since spread to nearby buildings.

"It is a severe fire that has also spread to a neighboring building. They are fighting hard out there, and massive efforts are being made to extinguish the fire," said the Copenhagen duty officer Thomas Christensen.

As of now, there are no reports of any persons being injured in the fires.

Novo Nordisk has seen its stocks dip throughout the morning. As of 1PM, local time, the company's shares are down 1.28% for the day.

The Danish company Novo Nordisk is a power player within pharma, rising to particular prominence with its incredibly successful and sought-after diabetes and obesity drugs, Ozempic and Wegovy. According to Fortune, Novo Nordisk is Europe's most valuable company, and with a market capitalization of over $570 billion, it is bigger than the Danish economy.

This is a developing story, and we will update as new information is made available.

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