
By Stine Jacobsen and Maggie Fick
COPENHAGEN, March 26 (Reuters) - Novo Nordisk has appointed Poul Weihrauch, CEO of U.S. candy giant Mars, as board observer as the drugmaker seeks to strengthen its position in the highly competitive U.S. obesity market.
The maker of weight-loss drug Wegovy announced the appointment at Thursday's annual general meeting, where shareholders also elected pharmaceutical veterans Jan van de Winkel and Ramona Sequeira to the board, along with Helena Saxon, a board member at fashion retailer H&M.
Novo Nordisk and its majority shareholder, the Novo Nordisk Foundation, carried out a leadership shake-up last year, replacing the CEO and restructuring the board. This included the consolidation of Lars Rebien Sorensen's leadership role through his appointment as board chairman in addition to his role of chairman of the foundation.
NOVO AIMS TO BOOST CONSUMER CREDENTIALS
Sorensen has promised to strengthen the board's pharmaceutical and commercial expertise after criticising the previous board for being slow to address U.S. market challenges.
Novo is trying to boost consumer credentials in the U.S. market in a number of ways under its new management. In January it launched its Wegovy pill across multiple cash-pay channels, rather than solely through traditional insurance routes.
The company is leaning into telehealth, retail partnerships and direct-to-consumer access, as well as cutting prices under pressure from the Trump administration and to win cash-pay patients. Novo and chief rival Eli Lilly and Co have said the obesity market is becoming increasingly consumer-driven.
"We need to start to see our community more as customers than as patients," Sorensen told reporters after Thursday's meeting, adding that it was studying consumer behaviour to better understand what drives people to seek treatment, where they prefer to access it and when they are most likely to buy.
Sorensen said that Novo had looked at over-the-counter medicines for insight but added that companies in fast-moving consumer goods may provide a closer comparison because of their expertise in tracking purchasing habits and identifying unmet demand.
Those kinds of consumer insights could improve how Novo addresses the needs of overweight people and identify where GLP-1 drugs or other treatments might fit, Sorensen said.
Asked about the apparent contradictions in the appointment of a confectionery company executive by a manufacturer of obesity drugs, Sorensen said both types of companies are highly sophisticated in understanding customers and their needs.
(Reporting by Stine Jacobsen and Maggie FickEditing by Anna Ringstrom, Barbara Lewis and David Goodman)
LATEST POSTS
- 1
Nepal’s youngest premier sworn in after releasing new rap song about unity - 2
Must-Have Cooking Machine in Your Kitchen - 3
Your big brain makes you human – count your neurons when you count your blessings - 4
Change Your Physical make-up: Compelling Activities for Muscle Building - 5
Israeli forces kill one person in series of attacks on southern Lebanon
IDF destroys regime's missile, sea mine production site in Yazd amid nationwide airstrikes
Video Conferencing Instruments for Virtual Gatherings
Misinterpretations and Mistakes Portrayed by Hollywood in the General set of laws
10 Distinct Kinds of Chinese Neighborhood Specialty Hot Pot
Highlight Correlation of Microsoft Surface Book and Surface Genius Workstations for Determination
From Sea shores to Urban areas: Astonishing Worldwide Travel Objections
2024's Hot Games: Must-Play Titles of the Year
35 million tons of food go to waste yearly in the US. Experts share tips to help stop it
Coffee Prices Finish Higher on Brazil Cop Concerns













