15 Most Profitable Biotechnology Companies in the World

4. Novo Nordisk 

Profit Margin: 36.03% 

Novo Nordisk is one of the best biotechnology companies in the world. In 2022, the company reached more than 35.5 million people with its diabetes and obesity care products, with an additional 5 million people reached through its access and affordability initiatives. In 2023, the Foundation awarded a total of DKK 9.1 billion (approximately $1.3 billion) in grants for new projects and initiatives aimed at solving major challenges in health, sustainability, and life science. In Q1 2024, their sales growth was 24% in the first three months of 2024 which was driven by both North American operations (35% growth) and international operations (11% growth).