Novo Nordisk (Ozempic)

3707.048 - 3736.815 David Rosenthal

Novozymes as well. But when we get to the 1970s, right as MC insulin is coming online and Novo needs to undertake a huge amount of CapEx to redo its production lines and expand them around the world, the enzyme market crashes. And so this enzyme business that they tried to add as like a diversification and hedge to the company and expansion, all of a sudden it's bleeding cash.