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Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic
NVONovo Nordisk(NVO) CNBC·2024-06-24 18:15

Novo Nordisk on Monday said it will spend 4.1billiontobuildanewmanufacturingplantinClayton,NorthCarolina,inabidtoboostthesupplyofitsblockbusterweightlossdrugWegovy,diabetestreatmentOzempicandotherinjectabletherapies. DemandforWegovyandOzempichasoutstrippedsupplyoverthelastyear,spurringintermittentshortagesintheU.S.andforcingtheDanishdrugmakertoinvestheavilytoincreaseitsmanufacturingfootprint.Thecompanysaiditplanstoinvest4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and other injectable therapies. Demand for Wegovy and Ozempic has outstripped supply over the last year, spurring intermittent shortages in the U.S. and forcing the Danish drugmaker to invest heavily to increase its manufacturing footprint. The company said it plans to invest 6.8 billion in p ...