Novo Nordisk Foundation

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The Novo Nordisk Foundation is a Danish enterprise foundation established in 1989. It supports research and other activities primarily in health, sustainability, and life sciences. The foundation is the controlling shareholder of Novo and Novonesis (formerly Novozymes) through its investment arm, Novo Holdings. It holds a minority of the share capital in Novo and Novonesis but controls a majority of the voting rights. Income derived from these holdings constitutes the foundation's primary source of funding. As of year-end 2025, Novo Holdings managed assets valued at DKK 694 billion (approximately US$109 billion) on behalf of the foundation, ranking it among the world's largest charitable foundations by assets.

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