Danish diabetes care giant Novo Nordisk (NOV: N) today opened a new manufacturing facility in Russia for formulation and filling of modern insulin for the treatment of diabetes.
The production will cover both Penfill cartridges and FlexPen prefilled insulin injection pens for the Russian market. The new facility will be operating in accordance with current Good Manufacturing Practices (cGMP), and is located in Technopark Grabtsevo in the Kaluga region of Russia.
Ground-breaking on the new facility, which involved an investment of around $100 million, took place in 2012. Novo Nordisk has said previously that it plans to continue to increase local production of its products in Russia.
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