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Novo Nordisk profit flat; upbeat on sales outlook

04:37 EDT 9 Aug 2017 | Topix

Danish pharmaceutical company Novo Nordisk A/S on Wednesday reported flat second-quarter net profit, but lifted its growth targets for the year on expectations of robust sales of its type-2 diabetes drug Victoza and long-acting insulin Tresiba. Sales in the quarter got a boost from sales of new diabetes and obesity drugs, but growth in North America was pegged back by adjustments to rebates and competition from generic drugs.

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