[nextos]

What about IKEA? It's smaller than Novo Nordisk, but they also use a non-profit parent company, which is admittedly a bit bizarre.

My experience interacting with Novo Nordisk is that, in their case, this model has led to massive inefficiencies.

The non-profit aspect has led to lots of internal politics and rigged hires. They are much more inefficient than a classical pharma.

[scns]

> What about IKEA? It's smaller than Novo Nordisk, but they also use a non-profit parent company, which is admittedly a bit bizarre.

Smells like tax evasion, but what do i know. Isn't IKEAs founder one of the richest people in Swiss?

[nextos]

Yes, indeed. IKEA's non-profit parent is headquartered in NL, and it is obviously a tax evasion scheme.

[bitbckt]

Sweden is not Switzerland. And he died almost ten years ago.

[wasmitnetzen]

He lived in Switzerland for over 40 years.

[CorrectHorseBat]

Is IKEA smaller than Novo Nordisk?

[nextos]

In practice, maybe not, but Novo Nordisk's current market cap is much bigger. In terms of revenue, I think they are on the same order of magnitude?

Novo Nordisk might return to a more realistic market cap once other GLP-1 agonists enter the market, e.g. Lilly's.