Novo Nordisk A/S is an international pharmaceutical research, development, and manufacturing corporation established in 1989 through the merger of competing Danish companies Nordisk Insulaboratorium and Novo Terapeutisk Laboratorium. It specializes primarily in four areas of pharmacological research: Novo Nordisk is headquartered in Bagsvaerd, Denmark, and employs about 55,000 workers worldwide. Its revenues in 2023 were 232 billion Danish kroner ($34.4 billion). When researchers at the University of Toronto announced the discovery of insulin as a treatment for diabetes in 1921, the news reverberated worldwide. Danish Nobel laureate August Krogh, whose wife (a physician) had diabetes, received permission to bring the ...(100 of 744 words) Access the full article Help support true facts by becoming a member. Subscribe today!