Gross Profit Trends Compared: Novo Nordisk A/S vs Ligand Pharmaceuticals Incorporated

Novo Nordisk vs Ligand: A Decade of Profit Trends

__timestampLigand Pharmaceuticals IncorporatedNovo Nordisk A/S
Wednesday, January 1, 20145540200074244000000
Thursday, January 1, 20156610700091739000000
Friday, January 1, 201610340200094597000000
Sunday, January 1, 201713573600094064000000
Monday, January 1, 201824511600094214000000
Tuesday, January 1, 2019108935000101933000000
Wednesday, January 1, 2020156000000106014000000
Friday, January 1, 2021214957000117142000000
Saturday, January 1, 2022143418000148506000000
Sunday, January 1, 202396265000196496000000
Monday, January 1, 2024245881000000
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Infusing magic into the data realm

Gross Profit Trends: A Tale of Two Companies

In the competitive landscape of the pharmaceutical industry, Novo Nordisk A/S and Ligand Pharmaceuticals Incorporated present a fascinating study in contrasts. Over the past decade, Novo Nordisk has consistently demonstrated robust growth, with its gross profit soaring by approximately 165% from 2014 to 2023. This Danish giant, renowned for its diabetes care products, reached a staggering gross profit of nearly $197 billion in 2023.

Conversely, Ligand Pharmaceuticals, a smaller player in the industry, experienced more volatile growth. Despite a peak in 2018, where its gross profit surged by over 340% compared to 2014, Ligand's profits have since fluctuated, ending 2023 with a gross profit of around $96 million. This divergence highlights the varying strategies and market positions of these two companies, offering valuable insights into the dynamics of the pharmaceutical sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025