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Novo Nordisk is majority owned by a charity and is therefore not a for-profit entity. > What galls me is people assume the best for new drugs instead of forcin
by astrange 1y ago
Novo Nordisk is majority owned by a charity and is therefore not a for-profit entity.
> What galls me is people assume the best for new drugs instead of forcing the _for profit_ entity to prove it's actually safe and useful.
That's what the FDA approval process is. They already did that in 2017.
- throwup238 1y agoNovo Nordisk Foundation is a nonprofit but Novi Nordisk the pharmaceutical company is very much a for profit entity - it’s publicly traded on several stock exchanges including the NYSE. The foundation owns most of the voting shares but only about a quarter of all outstanding shares.