novo Annual Report 2009

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Annual Report 2009 P ublic B . ioMimetic Therapeutics, Inc (BMTI, NASDAQ) i s de - veloping and commercialising drug device combination products for the repair of orthopaedic injuries to bone, cartilage, ligaments and tendons . www.biomimetics.com L ifeCycle Pharma A/S (LCP, NASDAQ OMX) has two products in late stage clinical development based on a novel drug delivery platform. Its ﬁrst product was ap - proved by the FDA in 2008 . www.lifecyclepharma.com ZymoGenetics, Inc. (ZGEN, NASDAQ) focuses on dis covery, development and commercialisation of therapeu - - tic proteins. Its ﬁrst product RECOTHROM ® was launched i <a title="novo Annual Report 2009 page 31" href="http://viewer.zmags.com/publication/a10a833c?page=31">PublicB </a> PublicB <a title="novo Annual Report 2009 page 23" href="http://viewer.zmags.com/publication/a10a833c?page=23">Positioned to reach the global hubs of life scie</a> Positioned to reach the global hubs of life scie<a title="novo Annual Report 2009 page 46" href="http://viewer.zmags.com/publication/a10a833c?page=46">Novo Nordisk A/SAs a focused healthcare compan</a> Novo Nordisk A/SAs a focused healthcare compan<a title="novo Annual Report 2009 page 28" href="http://viewer.zmags.com/publication/a10a833c?page=28"> Portfolio companiesPrivate7TM Pharma A/</a> Portfolio companiesPrivate7TM Pharma A/<a title="novo Annual Report 2009 page 18" href="http://viewer.zmags.com/publication/a10a833c?page=18">NOVO VENTURES</a> NOVO VENTURES<a title="novo Annual Report 2009 page 17" href="http://viewer.zmags.com/publication/a10a833c?page=17">SeedSummit09In December Novo Seeds hosted it</a> SeedSummit09In December Novo Seeds hosted it<a title="novo Annual Report 2009 page 48" href="http://viewer.zmags.com/publication/a10a833c?page=48">EmployeesScott BeardsleySenior part</a> EmployeesScott BeardsleySenior part<a title="novo Annual Report 2009 page 5" href="http://viewer.zmags.com/publication/a10a833c?page=5">Headlines in 2009Novo Nordisk A/S and Novozyme</a> Headlines in 2009Novo Nordisk A/S and Novozyme<a title="novo Annual Report 2009 page 39" href="http://viewer.zmags.com/publication/a10a833c?page=39">Novo broadened the scope of its financial investm</a> Novo broadened the scope of its financial investm<a title="novo Annual Report 2009 page 13" href="http://viewer.zmags.com/publication/a10a833c?page=13">Furthermore, for Novo A/S there are financial r</a> Furthermore, for Novo A/S there are financial r<a title="novo Annual Report 2009 page 32" href="http://viewer.zmags.com/publication/a10a833c?page=32">NOVO GROWTH EQUITY</a> NOVO GROWTH EQUITY<a title="novo Annual Report 2009 page 9" href="http://viewer.zmags.com/publication/a10a833c?page=9">Novo SeedsNovo A/S and the Novo Nordisk Founda</a> Novo SeedsNovo A/S and the Novo Nordisk Founda<a title="novo Annual Report 2009 page 33" href="http://viewer.zmags.com/publication/a10a833c?page=33">New team on the blockNovo A/S is a dedicated i</a> New team on the blockNovo A/S is a dedicated i<a title="novo Annual Report 2009 page 41" href="http://viewer.zmags.com/publication/a10a833c?page=41">Cash flow statement1January to 31 December</a> Cash flow statement1January to 31 December<a title="novo Annual Report 2009 page 10" href="http://viewer.zmags.com/publication/a10a833c?page=10">Cash flows in Novo A/Sn 2009 Novo A/S paid</a> Cash flows in Novo A/Sn 2009 Novo A/S paid<a title="novo Annual Report 2009 page 49" href="http://viewer.zmags.com/publication/a10a833c?page=49">H neather LudvigseVenture</a> H neather LudvigseVenture<a title="novo Annual Report 2009 page 4" href="http://viewer.zmags.com/publication/a10a833c?page=4">MANAGEMENT REPORT </a> MANAGEMENT REPORT <a title="novo Annual Report 2009 page 36" href="http://viewer.zmags.com/publication/a10a833c?page=36">NOVO FINANCE</a> NOVO FINANCE<a title="novo Annual Report 2009 page 37" href="http://viewer.zmags.com/publication/a10a833c?page=37">Financial investmentsDevelopment in the fina</a> Financial investmentsDevelopment in the fina<a title="novo Annual Report 2009 page 25" href="http://viewer.zmags.com/publication/a10a833c?page=25">BioSummit 2009biosummit 2009,Roger Longma</a> BioSummit 2009biosummit 2009,Roger Longma<a title="novo Annual Report 2009 page 2" href="http://viewer.zmags.com/publication/a10a833c?page=2">ContentsN S </a> ContentsN S <a title="novo Annual Report 2009 page 40" href="http://viewer.zmags.com/publication/a10a833c?page=40">ACCOUNTS, EXTRACTS</a> ACCOUNTS, EXTRACTS<a title="novo Annual Report 2009 page 44" href="http://viewer.zmags.com/publication/a10a833c?page=44">THE NOVO GROUP</a> THE NOVO GROUP<a title="novo Annual Report 2009 page 19" href="http://viewer.zmags.com/publication/a10a833c?page=19">Unique approach to investingBringing the best o</a> Unique approach to investingBringing the best o<a title="novo Annual Report 2009 page 14" href="http://viewer.zmags.com/publication/a10a833c?page=14">NOVO SEEDS </a> NOVO SEEDS <a title="novo Annual Report 2009 page 47" href="http://viewer.zmags.com/publication/a10a833c?page=47">N Sovozymes A/Novozymes is th</a> N Sovozymes A/Novozymes is th<a title="novo Annual Report 2009 page 12" href="http://viewer.zmags.com/publication/a10a833c?page=12">12The Investment Strategy sets guidelines for N</a> 12The Investment Strategy sets guidelines for N<a title="novo Annual Report 2009 page 7" href="http://viewer.zmags.com/publication/a10a833c?page=7">JØrgen BoeBoard memberJØrgen Boe was born on</a> JØrgen BoeBoard memberJØrgen Boe was born on<a title="novo Annual Report 2009 page 6" href="http://viewer.zmags.com/publication/a10a833c?page=6">Board of directorsUlf J. JohanssonCha</a> Board of directorsUlf J. JohanssonCha<a title="novo Annual Report 2009 page 35" href="http://viewer.zmags.com/publication/a10a833c?page=35">Typical deal characteristics·An average grow</a> Typical deal characteristics·An average grow<a title="novo Annual Report 2009 page 22" href="http://viewer.zmags.com/publication/a10a833c?page=22">The portfolio in figures </a> The portfolio in figures <a title="novo Annual Report 2009 page 3" href="http://viewer.zmags.com/publication/a10a833c?page=3">Novo A/SNovo A/S is a Danish private limited l</a> Novo A/SNovo A/S is a Danish private limited l<a title="novo Annual Report 2009 page 52" href="http://viewer.zmags.com/publication/a10a833c?page=52">Novo A/STuborg Havnevej 19DK-2900 HellerupTel.</a> Novo A/STuborg Havnevej 19DK-2900 HellerupTel.<a title="novo Annual Report 2009 page 34" href="http://viewer.zmags.com/publication/a10a833c?page=34"> First investment by Novo Growth EquityAs th</a> First investment by Novo Growth EquityAs th<a title="novo Annual Report 2009 page 45" href="http://viewer.zmags.com/publication/a10a833c?page=45">The Novo Nordisk FoundationThe Novo Nordisk </a> The Novo Nordisk FoundationThe Novo Nordisk <a title="novo Annual Report 2009 page 11" href="http://viewer.zmags.com/publication/a10a833c?page=11">CSR (Corporate Social Responsibility) in Novo A</a> CSR (Corporate Social Responsibility) in Novo A<a title="novo Annual Report 2009 page 43" href="http://viewer.zmags.com/publication/a10a833c?page=43">Balance sheetAs per 31 December20092008DK</a> Balance sheetAs per 31 December20092008DK<a title="novo Annual Report 2009 page 16" href="http://viewer.zmags.com/publication/a10a833c?page=16">Seed investmentsCytoguide ApSCytoGuide develop</a> Seed investmentsCytoguide ApSCytoGuide develop<a title="novo Annual Report 2009 page 51" href="http://viewer.zmags.com/publication/a10a833c?page=51">Graphic design: Burson-MarstellerPhotos of Novo </a> Graphic design: Burson-MarstellerPhotos of Novo <a title="novo Annual Report 2009 page 50" href="http://viewer.zmags.com/publication/a10a833c?page=50">· 4 </a> · 4 <a title="novo Annual Report 2009 page 8" href="http://viewer.zmags.com/publication/a10a833c?page=8">8Management reportIn 2009 Novo A/S accelerat</a> 8Management reportIn 2009 Novo A/S accelerat<a title="novo Annual Report 2009 page 42" href="http://viewer.zmags.com/publication/a10a833c?page=42"> Statement of comprehensive income1January</a> Statement of comprehensive income1January<a title="novo Annual Report 2009 page 15" href="http://viewer.zmags.com/publication/a10a833c?page=15">Sowing the seeds of tomorrow's biotech successe</a> Sowing the seeds of tomorrow's biotech successe<a title="novo Annual Report 2009 page 20" href="http://viewer.zmags.com/publication/a10a833c?page=20">Novo is an international investorPositioned to</a> Novo is an international investorPositioned to<a title="novo Annual Report 2009 page 26" href="http://viewer.zmags.com/publication/a10a833c?page=26">Amira Pharmaceuticals– world class discoverers </a> Amira Pharmaceuticals– world class discoverers <a title="novo Annual Report 2009 page 24" href="http://viewer.zmags.com/publication/a10a833c?page=24"> NOVO VENTURES2009200820072006200520042</a> NOVO VENTURES2009200820072006200520042<a title="novo Annual Report 2009 page 1" href="http://viewer.zmags.com/publication/a10a833c?page=1">Annual Report 2009</a> Annual Report 2009<a title="novo Annual Report 2009 page 30" href="http://viewer.zmags.com/publication/a10a833c?page=30">Portfolio companiesPrivate </a> Portfolio companiesPrivate <a title="novo Annual Report 2009 page 29" href="http://viewer.zmags.com/publication/a10a833c?page=29">PrivateIiinogen Inc. is developing, m</a> PrivateIiinogen Inc. is developing, m<a title="novo Annual Report 2009 page 27" href="http://viewer.zmags.com/publication/a10a833c?page=27">NeoMend– the leading developer of next gene</a> NeoMend– the leading developer of next gene<a title="novo Annual Report 2009 page 21" href="http://viewer.zmags.com/publication/a10a833c?page=21">Investing in Life SciencesThe life sciences in</a> Investing in Life SciencesThe life sciences in<a title="novo Annual Report 2009 page 38" href="http://viewer.zmags.com/publication/a10a833c?page=38">The Danish bond portfolio consists of listed gove</a> The Danish bond portfolio consists of listed gove