What is Novo Nordisk Foundation?
[[Image:Novo Nordisk Foundation logo.svg|right|250px]] The '''Novo Nordisk Foundation''' is based in [[Copenhagen]]. It owns 77% of [[Novo Nordisk]]’s voting rights and 28.1% of its shares. It was a condition of the company's permission to make [[insulin]] that the proceeds should be invested in [[research]]. That is why the foundation was set up 1924. At the end of 2022 it had DKr805 billion or $116 billion. It is the largest [[Charitable organization|charitable foundation]] in the world. It pays for research into [[obesity]] and [[Diabetes mellitus|diabetes]], [[cardiometabolic]] diseases, [[stem cell]] science and [[climate change]]. Mads Krogsgaard Thomsen is the chief executive.<ref>{{Cite web|title=How anti-obesity drugs built the world’s largest charitable foundation|url=https://www.ft.com/content/69324884-a626-4787-a4ce-aece410d1dcc|access-date=2023-12-26|website=www.ft.com}}</ref> ==References== {{reflist}} [[Category:Organizations based in Denmark]] [[Category:Charities]] [[Category:Medical research]]