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Business

Novo Nordisk IT company finally going public

admin
February 9th, 2015


This article is more than 9 years old.

NNIT was set to go public last year

 NNIT, the IT arm of Novo Nordisk, applied to the Copenhagen Stock Exchange today to go public.

The company was slated to go public last autumn, but uncertainty on the stock market during that time scared several companies from applying for an IPO.

”Novo Nordisk is very satisfied with NNIT's development and we are confident that a change in ownership can better support the company's further development and value creation and strengthen its market position in both Denmark and internationally,” Jesper Brandgaard, the chairman of NNIT, said.

Novo Nordisk, which is known mainly for its production of insulin, also provides IT support through NNIT to corporate customers in the pharmaceutical sector, both in Denmark and internationally.

READ MORE: Novo Nordisk reports recordbreaking year

NNIT has more than 2,400 employees and last year had a turnover of 2.4 billion kroner with an operating profit of 265 million kroner.

NNIT is following in the footsteps of Novozymes, the enzyme arm of Novo Nordisk that went public ten years ago.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”