Novo Nordisk invests heavily in UK, despite Brexit

30 January 2017

Diabetes specialist Novo Nordisk (NOV: N) will invest £115 million ($145 million) in a new Oxford-based research facility, in what will be described as a vote of confidence in the UK’s intellectual capital and medical research infrastructure.

"This collaboration brings together some of the world's sharpest minds in the field of diabetes to seek new targets for therapeutic innovation. It combines Novo Nordisk's 90 years' experience in developing treatments for diabetes with the expertise of world leading scientists from the University of Oxford. Our vision is that the unique combination of industrial and academic know-how will eventually lead to a new generation of treatments to improve the lives of people with type 2 diabetes", said chief science officer and executive vice president of Novo Nordisk, Mads Krogsgaard Thomsen in a press statement.

Speaking to the BBC, Mads Thomsen described the 10-year investment program as part of a long-term strategy:

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