When Novo Nordisk reports earnings on Thursday, investors will be focused on sales of its blockbuster anti-obesity medicines, which have captured the cultural imagination over the past year.
Novo and its competitor Eli Lilly have been the exceptions to the rule in the drug sector so far this year, rising while most of the rest of the pharmaceutical sector has fallen. At the time, Novo said it expects sales for 2023 to climb between 32% and 38% from 2022 to 2023, up from its prior estimate of an increase of between 27% and 33%. It projected full-year operating profits to grow between 40% and 46%, up from its previous estimate of between 31% and 37%.
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