Novo Nordisk invests $60 million in expansion of Kalundborg site

4 July 2016

Danish diabetes care giant Novo Nordisk (NOV: N) today announced groundbreaking on a 500 square metre extension of what is already the world's largest insulin production plant in Kalundborg, involving an investment of 400 million Danish kroner ($60 million).

"The expansion of our production plant highlights our ambition to continue strengthening our presence in Kalundborg. The new facilities will give us greater flexibility and enable the installation of equipment that will enhance efficiency and increase the long-term production capacity of the plant," says Michael Hallgren, senior vice president and head of production in Kalundborg.

The latest investment comes just weeks after the Food and Drug Administration’s Endocrinologic and Metabolic Drugs Advisory Committee (EMDAC) voted 16-0, recommending the approval of IDegLira for the treatment of adults with type 2 diabetes. IDegLira is a once-daily, single injection fixed combination of insulin degludec (Tresiba) and liraglutide (Victoza).

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