Denmark, every mention
32 scenes (2024) · ← back to Denmark
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every year 2024 anyone David Rosenthal 28Ben Gilbert 4Michael Lewis 1Doug DeMuro 1
Verbatim, from the transcripts: the passages where Denmark comes up
IKEA (Audio) · Acquired
- ▶ 5:10 David Rosenthal Which, despite its name is not so small, but rather a large rural area in the south of Sweden, not too far from Denmark.
- ▶ 27:51 David Rosenthal Danish locations for textiles.
- ▶ 1:34:26 Ben Gilbert So across the sixties, they opened more Denmark and Norway stores.
- ▶ 1:40:43 David Rosenthal Ingvar and his family emigrate to Denmark first to avoid the wealth tax, and then a couple years later in 1978, they settle in Switzerland.
Novo Nordisk (Ozempic) · Acquired
- ▶ 17:14 David Rosenthal The 1920 Nobel Prize winner from Copenhagen, Denmark, a animal biologist named August Crowe.
- ▶ 19:31 David Rosenthal She is a physician, so she's the first woman in Denmark to earn a doctorate in medicine, and
- ▶ 19:38 David Rosenthal Denmark, I kind of suspect has always been pretty progressive relative to the US, but even still, like we're talking about like the 19 teens, a woman to earn a doctorate in medicine and then be a practicing physician was, um, obviously…
- ▶ 20:04 David Rosenthal But given that they're both very, very active in the scientific and medical community in Europe, they are able to get her the best care possible, which at this point in time in Denmark is a young Copenhagen-based physician named Hans…
- ▶ 21:59 David Rosenthal Denmark at this point in time.
- ▶ 22:41 David Rosenthal Marie also writes back home to Denmark to Hagedorn and tells him about what's going on and about this discovery of insulin.
- ▶ 22:48 David Rosenthal She suggests in that letter that since Hagedorn is kind of the leading diabetes physician in Denmark, maybe
- ▶ 22:57 David Rosenthal While they're in Toronto, they might be able to secure like some rights or ability to bring insulin back to Denmark.
- ▶ 23:26 David Rosenthal Most importantly, McLeod takes August to go meet with the insulin committee and talk about what Marie had suggested to Hagedorn of like, hey, maybe these are the right people to bring insulin to Europe, essentially, but at least to Denmark.
- ▶ 23:52 David Rosenthal Patent drugs in Denmark.
- ▶ 23:54 David Rosenthal So any blessing or patent licensing from the insulin committee to the crows and Hagedorn for Denmark is sort of pointless because it's not legally binding in Denmark anyway.
- ▶ 24:10 David Rosenthal How about we give you rights for all of Scandinavia, Norway, Sweden, Denmark, you have our official blessing and any rights that you need.
- ▶ 24:47 Ben Gilbert Because I know that Denmark has an abundance of pigs, which actually made it pretty well suited to be an early insulin manufacturer.
- ▶ 25:34 David Rosenthal I think maybe also for the first time in continental Europe, at least, insulin is extracted here in Denmark.
- ▶ 35:07 Ben Gilbert By the way, this is not that uncommon in Danish companies.
- ▶ 35:18 David Rosenthal So, yes, this is a very common structure in Denmark, mostly for tax reasons, because Denmark has very, very high taxes, so this is a common, like, generational transfer mechanism, and Novo, later, we'll talk about Novo in a sec, Novo…
- ▶ 40:14 David Rosenthal You know, as you know, here in Denmark, you can't patent drugs.
- ▶ 46:49 David Rosenthal I mean, technically, legally, they can in Denmark, but what physician and what patients are going to buy Novo insulin when right down the street you've got Nordisk, which has a Nobel Prize winning scientist, the
- ▶ 47:01 David Rosenthal Best diabetes endocrinologist, you know, in Denmark running it, and the explicit blessing of Toronto and the Insulin Committee.
- ▶ 49:28 David Rosenthal So Novo, undeterred, they go and they work around Nordisk's patents on this, you know, and again, I'm not sure at this point if the laws have changed and you can patent drugs in Denmark, but it kind of doesn't matter because it's clear,…
- ▶ 51:27 David Rosenthal But then, literally right at the same time, World War II starts, and Denmark is invaded by the Nazis shortly after they invade Poland, and in April, 1940, the Nazis now occupy Denmark.
- ▶ 52:29 David Rosenthal Well, so what happens is Denmark is relatively unscathed during World War II.
- ▶ 52:48 David Rosenthal Continues unabated in Denmark.
- ▶ 53:17 David Rosenthal Well, Germany just took over Denmark.
- ▶ 53:30 David Rosenthal They're still producing a little bit to help supply Denmark, but there's really nothing going on there.
- ▶ 53:46 David Rosenthal All throughout Scandinavia, all throughout Europe, and when Germany takes over Denmark, Insulin Novo is now, you know, the ethics of this are really complicated.
- ▶ 54:25 Ben Gilbert So just to make sure I have it right, it sounds like Nordisk is only making a small supply for Denmark, Novo is supplying all of Nazi-occupied Europe, and the allied countries no longer have access to anything Novo or Nordisk makes, and so…
- ▶ 3:38:10 David Rosenthal I bet we will have a lot of folks in Denmark that are interested in that.