Novo Nordisk To Inject Around DKK16B in API Facility to Boost Late-Phase Product Portfolio
Portfolio Pulse from Lekha Gupta
Novo Nordisk plans to invest DKK 15.9 billion in 2023 to expand its API production facility in Denmark, aiming to increase production capacity and support its late-phase product portfolio. The new facility is expected to start producing API by 2029 and create 340 new jobs.
June 12, 2023 | 1:38 pm
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Novo Nordisk's investment in API facility expansion is expected to boost its late-phase product portfolio and create 340 new jobs, potentially benefiting the company's stock price.
Novo Nordisk's investment in expanding its API production facility will increase production capacity and support the development of its late-phase product portfolio. This expansion is expected to create 340 new jobs, which could lead to increased revenue and growth for the company. As a result, the stock price of NVO may benefit from this investment in the short term.
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