Novozymes A/S and Novo Nordisk Pharmaceuticals have/had a generic relationship

Spin out Novozymes A/S
Host Novo Nordisk Pharmaceuticals
Notes Novozymes From Wikipedia, the free encyclopedia Jump to navigationJump to search Novozymes A/S Novozymes logo.svg Novozymes - hovedbygning Bagsværd.jpg Type Aktieselskab Traded as Nasdaq Copenhagen: NZYM B Industry Biotechnology Founded 2000 Headquarters Bagsværd, Denmark Key people Jørgen Buhl Rasmussen (Chairman), Ester Baiget (President and CEO) Products Enzymes, microorganisms, biopharmaceutical ingredients Revenue DKK 14,374 million(2019)[1] Operating income DKK 4,039 million(2019)[1] Net income DKK 3,155 million (2019)[1] Total assets 18,659,000,000 Danish krone (2016) Number of employees 6,125 (2019)[1] Parent Novo A/S Website Novozymes A/S is a global biotechnology company headquartered in Bagsværd outside of Copenhagen, Denmark. The company's focus is the research, development and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients. The company has operations around the world, including in China, India, Brazil, Argentina, United Kingdom, the United States, and Canada.[2] Class B shares of its stock are listed on the NASDAQ OMX Nordic exchange.[3] Contents 1 History 2 Ownership 3 References 4 External links History Novozymes A / S main building in Bagsværd In 1925 the brothers Harald and Thorvald Pedersen founded Novo Terapeutisk Laboratorium and Nordisk Insulinlaboratorium with the aim to produce insulin. In 1941 the company's predecessor launched its first enzyme, trypsin, extracted from the pancreas of animals and used to soften leather, and was the first to produce enzymes by fermentation using bacteria in the 1950s.[4][5] In the late 1980s Novozymes presented the world's first fat-splitting enzyme for detergents manufactured with genetically engineered microorganisms, called Lipolase.[6] The current Novozymes was founded in 2000 as a spinout from pharmaceutical company Novo Nordisk.[4] In the 2000s Novozymes expanded through the acquisition of several companies focusing on business outside the core enzyme business. Amongst them were the Brazilian bio agricultural company Turfal and German pharmaceutical, chemical and life science company EMD/Merck Crop BioScience Inc.[7] These acquisitions made Novozymes a leader in sustainable solutions for the agricultural biological industry.[8] In January 2016 the company spun out its biopharmaceutical operations into Albumedix.[9] In June 2020 the business announced it would acquire buy Ireland-based PrecisionBiotics for $90 million.[10] In December of the same year Novozymes announced it would acquire Microbiome Labs in a $125 million deal.[11] Ownership The Novozymes class A share capital is held by Novo A/S, a wholly owned subsidiary of the Novo Nordisk Foundation. In addition, Novo A/S holds 5,826,280 B shares, which overall gives Novo A/S 25.5% of the total share capital and 70.1% of the votes.[3][2]
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