$1.8 billion new US facility a 'huge step strategically and financially' for Novo Nordisk

30 March 2016

As work started on its new $1.8 billion diabetes medicine production facility in Clayton, North Carolina, Project Director Gary Lohr spoke about the significance of the huge investment for Novo Nordisk (NOV:N).

He also told The Pharma Letter that it reflected strategic advantages of pharma companies basing manufacturing facilities in the USA.

Founded and headquartered in Denmark and with 90 years of experience in leading diabetes care, the building of a facility producing Novo Nordisk’s active pharmaceutical ingredients (API) for current and future GLP-1 and insulin medicines across the Atlantic shows the company’s confidence in the US market.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK