Top 5 Most Profitable Pharmaceutical Companies In The World

In this article, we will be covering the top 5 most profitable pharmaceutical companies in the world. If you wish to see the details, skip to the Top 20 Most Profitable Pharmaceutical Companies In The World.

5. Novo Nordisk A/S (NYSE:NVO)

2022 Net Income: $7.86 billion

2022 Revenue: $25 billion  

Novo Nordisk A/S (NYSE:NVO) achieved significant growth in 2022, primarily fueled by its semaglutide franchise for type 2 diabetes and obesity. The solid sales performance of Ozempic, Rybelsus, and Wegovy contributed to a 16% increase in the company’s full-year earnings, reaching approximately $25 billion. The success of the semaglutide products offset the decline in sales of Victoza.

Novo Nordisk A/S (NYSE:NVO)’s semaglutide is also being tested for nonalcoholic steatohepatitis and Alzheimer’s. Ozempic gained popularity as a weight-loss drug through off-label use, while Wegovy is approved for weight loss in obese patients. Manufacturing challenges affected supply in the first half of 2022, but production has resumed. Rybelsus also contributed to the company’s growth.