by Mrudula Kulkarni

3 minutes

Healthcare Giant Novo Nordisk Unveils Massive $4.1B US Investment

From Mergers & Acquisitions | Pg 11

Healthcare Giant Novo Nordisk Unveils Massive $4.1B US Investment
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Novo Nordisk has announced a significant investment of 4.1 billion US dollars (approximately 27 billion Danish kroner) to construct a second fill and finishing manufacturing facility in Clayton, North Carolina. This initiative aims to enhance its capacity in producing current and future injectable treatments for conditions such as obesity and other serious chronic diseases.

This expansion represents one of the largest manufacturing investments in Novo Nordisk's history. The new facility will encompass 1.4 million square feet dedicated to aseptic manufacturing and finished production processes. This addition effectively doubles the combined square footage of the company's existing facilities in North Carolina, underscoring its commitment to growth in the region.

Moreover, this expansion is expected to create 1,000 new jobs in addition to the approximately 2,500 Novo Nordisk employees already working in the area. Clayton, North Carolina, renowned for its role as a hub for innovation and biotechnology in the United States, will further solidify its position with this strategic investment from Novo Nordisk.

Lars Fruergaard Jørgensen, president and CEO of Novo Nordisk, said that “It took us a century to reach 40 million patients, but through this expansion and continued investment in our global production, we’re building Novo Nordisk’s ability to serve millions more people living with serious chronic diseases in the future.This is yet another real signal of our efforts to scale up our production to meet the growing global need for our life-changing medicines and the patients of tomorrow.”

Using advanced technology, rooftop solar panels, and creative water management techniques, the facility is designed to operate efficiently and sustainably, aiming to produce top-quality products for global patients. The objective is to achieve LEED Gold certification, which signifies excellence in constructing environmentally friendly buildings that promote health, efficiency, and cost savings.

Henrik Wulff, executive vice president, Product Supply, Quality & IT, Novo Nordisk, further added “Clayton was the first manufacturing site for Novo Nordisk in the US, and this new, large-scale investment confirms the continued importance of our production facilities there as cornerstones of our company’s growth. For decades, we have partnered to foster a well-trained, dedicated and diverse local workforce in North Carolina. In Clayton and across our global manufacturing sites, we are driven by one purpose: to deliver more for the millions of people living with chronic diseases – and this facility will help us achieve just that.”

Initial site clearing and foundational preparations have commenced for the 56-acre facility. Construction activities will progressively conclude from 2027 to 2029. At the peak of the project, approximately 2,000 external contractors will be involved. In 2024, Novo Nordisk plans to significantly boost investments in production, aiming to invest around USD 6.8 billion (DKK 45 billion), up from USD 3.9 billion (DKK 26 billion) invested last year, to enhance supply capacity.

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