Please turn to slide eight. Sales growth was impacted by fewer patients initiating treatment due to COVID-19. The presentation is structured as outlined on slide two. We build on our innovation expertise and our therapy focus combined with commercial excellence to provide benefits … The expectations for operating profit growth primarily reflects the sales growth outlook and continued investments in current and future growth drivers across the operating units. And then, secondly, on costs, you said that the operating profit guidance has been raised in part due to COVID-related savings. And then my second question is just on the initial price of Rybelsus in the EU and how have your pricing discussions gone here? Lars, can you characterize how the obesity data generated in Q2 for sema, AM833 and the combination played versus internal expectations. So in North America, we're growing 1% in first half of this year. Is that something that you can absorb in the current guidance for your EBIT growth?So Mads first on the heavy situation, what's next in obesity because you've already delivered so much efficacy. It is now possible to initiate new trials in certain countries. This development impacts our full year outlook where we now expect currency headwinds on sales growth and operating profit growth of minus 2% and minus 3%, respectively, relative to growth rates at constant exchange rates. The parent company works to ensure there is a stable foundation for the company’s operations, while also contributing a number of grants towards diabetes research. CIO Europe Novo Nordisk. Please go ahead.Yes.

And that then begs the question, is this a combination partner in a cardio drug in combo with semaglutide, FGF21, as you know, which we also have in the pipeline, ziltivekimab and so on. Moving to commercial execution. 2009-2014 I was the lead negotiator for all the biggest IT contracts in Novo Nordisk. With that, we'll close our call here. So again, rather complex.

So that's one trend that could potentially make health care spending harder. Introducing Novo Nordisk Our business Governance Consolidated statements. So I think there's probably an incentive to treat the patients we treat even more intensively going forward than what we've seen in the past. “What’s more, the company’s reported revenue, operating profit, sales growth, and margins were overstated in that they were based on collusive price fixing.”On Aug. 5, 2016, the company announced disappointing earnings for the second quarter of 2016, which the complaint alleges was because Novo Nordisk was no longer able to hide the pricing pressures it was facing. Thank you.Thank you all for listening in, and sorry for running a bit over time. I think many are struggling with how much is then medical intervention and how much is lifestyle and how do you deal with both. You talked about North American growth, obviously, being sort of flattish over 2020 and 2021 for some of the reasons you gave and then it recovered to mid-single digits. Novo Nordisk A/S (NYSE:NVO) Q2 2020 Earnings Conference Call August 6, 2020 7:00 AM ET. Mr. Albers leads the US Market Access team in setting strategies and providing national leadership in communicating the value of all Novo Nordisk products to key payer customers. So we can only assume that they have the capacity. These effects largely offset the stocking of estimated DKK two billion in the first three months of 2020. people in 80 countries and markets its products in more than 170 countries.

Our estimate at this point is that it will have an annualized impact of 3% on U.S. sales if we stay around current unemployment levels in the U.S. Aug. 2008 – Aug. 2012 4 Jahre 1 Monat. I think in terms of North America, if you make the adjustments for stocking and then the new patient starts, you seem to be on track in that 0% to 2% growth guidance range. During The past six months, the COVID-19-related lockdowns negatively impacted new patient initiations in the U.S. across all therapy areas we operate in. But we will see the data late this year and I guess during the course of next year.Just quickly on FORTE, the timing for the Q4 time line. So Wimal, I cannot recognize the percentages you're alluding to from your analysis. But we might revisit some parts. Steve Albers has been Corporate Vice President, Market Access and Public Affairs for Novo Nordisk, Inc. since May 2017. These are compared to a placebo-related weight loss of 2% to 5%.Additionally, cardiovascular risk markers were significantly reduced and health-related quality of life improved significantly after 68 weeks of semaglutide treatment. Furthermore, in May 2020, we expected net financial items for the full year to be a loss of DKK2.5 billion, but with the latest currency movements, the expected loss has been reduced to DKK1.2 billion, reflecting gains associated with foreign exchange hedging contracts, partly offset by non-hedged currencies. In June 2020, the Phase II results with a novel once-weekly subcutaneous human amylin analogue, AM833, were announced. Such forward-looking statements are subject to risks and uncertainty that could cause actual results to differ materially from expectations.For further information on the risk factors, including the uncertainties around COVID-19, please see the company announcement for the first half of 2020 and the slides prepared for this presentation. We have not made any decisions on whether to pursue that or not. And you could say there are puts and takes compared to where we are. Is it a convenience because, I guess, it appears that in your quote that you have reached the gap of closing the gap to or you reached the target of closing the gap to bariatric surgery? We also we also saw encouraging progress within our innovation and therapeutic focus aspiration during the quarter. Please turn to slide 11. Please turn to slide five. Get the Wall Street Journal $12 for 12 weeks. I think a similar level of access drove a fairly material inflection in Ozempic as back in the day. So overall for, say, the foreseeable time horizon, we feel quite confident in our ability to manage and drive growth within the frame we have outlined.Thank you, Mark. Please go ahead.Sachin Jain here. What will be the new bar? The market share increase in International Operations is driven by both insulin and GLP-1.The diabetes franchise represents around 80% share of growth in International Operations with insulin share of growth at 51% and GLP-1 share of growth at 39%.

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