Novo Nordisk Buys US Manufacturing Plant
August 27 2014 - 6:46AM
Dow Jones News
By Dominic Chopping
Danish insulin maker Novo Nordisk A/S (NOVO-B.KO) has bought a
manufacturing facility in West Lebanon, New Hampshire, U.S. from
Olympus Biotech, it said Wednesday.
Novo Nordisk said it intends to use the facility for production
of active pharmaceutical ingredients primarily for its portfolio of
biopharmaceuticals.
It added that some of the plant's former employees have been
offered jobs, which will initially focus on planning of the future
plant setup. Final plans will determine potential and timing for
future staffing increases.
The companies have agreed not to disclose the terms of the
acquisition.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
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