Ypsomed To Supply Autoinjectors To Novo Nordisk Under Long-Term Agreement
Portfolio Pulse from Vandana Singh
Swiss medical technology company Ypsomed (OTC:YPHDF) has announced a long-term supply deal with Novo Nordisk A/S (NYSE:NVO) for autoinjectors. The autoinjectors will be used for various drugs currently undergoing clinical trials. Ypsomed will expand its manufacturing capacities over the coming years, with Novo Nordisk contributing a significant part of the investment for the additional production infrastructure. The first step with significant capacity for manufacturing YpsoMate autoinjectors will be available for Novo Nordisk in 2025.
September 20, 2023 | 2:32 pm
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Novo Nordisk has entered into a long-term supply deal with Ypsomed for autoinjectors. This will help Novo Nordisk meet the demand for its drugs that use autoinjectors.
The supply deal with Ypsomed will help Novo Nordisk meet the demand for its drugs that use autoinjectors. This could potentially lead to increased sales and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ypsomed has secured a long-term supply deal with Novo Nordisk for autoinjectors, which will likely increase its revenues in the coming years.
The long-term supply deal with Novo Nordisk will provide a steady stream of revenue for Ypsomed. Additionally, the expansion of manufacturing capacities indicates a positive growth trajectory for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100