GLP-1 growth soaring, Novo ploughs $6 billion into production

10 November 2023

Novo Nordisk (NOV: N), one of Denmark’s largest companies, is to invest around $6 billion in the expansion of manufacturing facilities in Kalundborg.

The investment will enable more capacity for its current and future product portfolio within serious chronic diseases.

The money will create additional capacity across different aspects of manufacturing, from active pharmaceutical ingredients (API) to packaging, although most will go towards API capacity.

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