Novo Nordisk’s market cap surpasses Tesla primarily based on new information on weight problems tablet research

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The Danish pharmaceutical firm’s emblem is pictured at their headquarters in Bagsvaerd, exterior Copenhagen, Denmark on February 1, 2017.

Liselotte Sabroe | AFP | Getty Photos

Wegovy drugmaker Novo Nordisk surpassed Tesla in market worth Thursday, after recent early trial information confirmed optimistic outcomes for its new experimental weight reduction tablet.

The Danish firm’s shares hit an all-time excessive final session, rising as a lot as 8%, after telling buyers {that a} Part I trial of the corporate’s amycretin tablet confirmed a 13.1% weight reduction after 12 weeks within the contributors confirmed.

Novo Nordisk is now the twelfth most respected firm on this planet, with a market capitalization of $604 billion – greater than Tesla’s $569 billion, in response to information from FactSet.

High 15 corporations by market capitalization

Title Ticker Sector Market worth ($ billion) Microsoft CorpMSFTTechnology 3,040.1 Apple Inc.AAPLTechnology 2,609.7 NVIDIA CorpNVDATechnology 2,316.7 Saudi Aramco2222-SAEnergy 2,048.6 Amazon.com, Inc.AMZNCNon-cyclical shoppers 1,836.7 Alphabet Inc.GOOGLTechnology 1,675.6 Metaplatforms IncMETATechnology 1.30 5.8 Berkshire HathawayBRK.BFinance 869.6 Eli Lilly and CompanyLLYHealthcare 741.3 Broadcom Inc.AVGOTechnology 652.0 Taiwan SemiconductorTSMTechnology 625.1 Novo NordiskNVOHealthcare 608.1 Tesla, Inc.TSLAConsumer Cyclicals 569.0 Visa Inc. Class AVFinance 559.0 JPMorgan ChaseJPMFinance 541.1

Supply: FactSet, March 8

Thursday’s rebound extends a months-long rally for Novo Nordisk as pleasure grows round weight-loss medication and their broader functions. The corporate is now probably the most helpful in Europe, with a valuation better than Denmark’s total gross home product final 12 months.

Shares have been buying and selling barely decrease at 9.35am London time on Friday, down 0.3%.

This can be a present information merchandise and is being up to date.

Novo Nordisk’s market cap surpasses Tesla primarily based on new information on weight problems tablet research

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