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What about IKEA? It's smaller than Novo Nordisk, but they also use a non-profit parent company, which is admittedly a bit bizarre. My experience interacting wi
by nextos 2y ago
What about IKEA? It's smaller than Novo Nordisk, but they also use a non-profit parent company, which is admittedly a bit bizarre.
My experience interacting with Novo Nordisk is that, in their case, this model has led to massive inefficiencies.
The non-profit aspect has led to lots of internal politics and rigged hires. They are much more inefficient than a classical pharma.
- scns 2y ago> What about IKEA? It's smaller than Novo Nordisk, but they also use a non-profit parent company, which is admittedly a bit bizarre. Smells like tax evasion, but what do i know. Isn't IKEAs founder one of the richest people in Swiss?
- bitbckt 2y agoSweden is not Switzerland. And he died almost ten years ago.
- wasmitnetzen 2y agoHe lived in Switzerland for over 40 years.
- nextos 2y agoYes, indeed. IKEA's non-profit parent is headquartered in NL, and it is obviously a tax evasion scheme.
- CorrectHorseBat 2y agoIs IKEA smaller than Novo Nordisk?
- nextos 2y agoIn practice, maybe not, but Novo Nordisk's current market cap is much bigger. In terms of revenue, I think they are on the same order of magnitude? Novo Nordisk might return to a more realistic market cap once other GLP-1 agonists enter the market, e.g. Lilly's.