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Investor Presentation

Novo NordiskⓇ 48 Investor presentation First six months of 2022 Two fixed dose combinations entered phase 2 in the second half of 2021 in people with type 2 diabetes Phase 2 trial design for cagrilintide in combination with semaglutide investigated in T2D Phase 2 trial design for semaglutide in combination with GIP Randomisation (1:1:1) 90 participants ↓ with T2D . HbA1c 7.5- 10.5% ⚫ Met +/- SGLT2i •BMI >27 kg/m2 Cagrilintide QW + Semaglutide QW Cagrilintide QW + placebo QW Semaglutide QW + placebo QW k- --+------ Dose escalation 16 weeks Treatment maintenance 16 weeks FU 5 weeks ~500 participants with T2D Age ≥ 18-75 years ⚫ BMI: 25-39.9 kg/m2 ⚫HbA1c: 7.0-10.0% Diet/exercise + metformin Dose ratio 1:1 Semaglutide QW + GIP QW Placebo Dose ratio 1:3 Semaglutide QW + GIP QW Placebo Dose ratio 1:5 Semaglutide QW + GIP QW Placebo Dose ratio 1:9 Semaglutide + GIP QW Placebo GIP QW Semaglutide QW Dose escalation 10 weeks Maintenance period 24 weeks FU 5 weeks Trial objective: Compare the effect on glycaemic control and body weight of cagrilintide in combination with semaglutide vs semaglutide in patients with T2D Primary endpoint: Change in HbA1c (%-point) Next steps: 37-week trial was initiated in Q3 2021 Trial objective: Compare the effect on glycaemic control and body weight of semaglutide in combination with GIP vs semaglutide and vs GIP Primary endpoint: Change from baseline to week 34 in HbA1c (%-point) Trial start: 39-week trial was initiated in Q4 2021 T2D: Type 2 diabetes; HbA₁: Hemoglobin A1c; BMI: Body mass index; FU: Follow-up; OAD: Oral anti-diabetic; GIP: Gastric inhibitory peptide; QW: Once-weekly
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