Quality Control Issues at Novo Nordisk's Clayton Plant - Key Site for Weight-Loss, Diabetes Drug Production
Portfolio Pulse from Vandana Singh
The FDA has reported quality control issues at Novo Nordisk's Clayton plant, a key site for the production of its weight-loss drug Wegovy and diabetes drug Ozempic. In response, Novo Nordisk has hired PCI Pharma Services to handle the assembly and packaging of Wegovy. The company's shares are down 3.26%.
September 18, 2023 | 1:50 pm
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Novo Nordisk's shares are down following the FDA's report of quality control issues at its Clayton plant. The company has hired PCI Pharma Services to help meet demand for its weight-loss drug Wegovy.
The FDA's report of quality control issues at Novo Nordisk's Clayton plant could negatively impact investor confidence, leading to a drop in the company's share price. The hiring of PCI Pharma Services may help to mitigate some of this impact by ensuring the continued production of Wegovy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100