American Daddy Trader
  • Politics
  • Business
  • Stock
  • Editor’s Pick
  • Politics
  • Business
  • Stock
  • Editor’s Pick

American Daddy Trader

Business

Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic

by admin June 27, 2024
June 27, 2024
Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic

Novo Nordisk on Monday said it will spend $4.1 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 production this year, up from roughly $4 billion last year. 

The new manufacturing facility will be responsible for filling and packaging syringes and injection pens for the drugs, according to a company release. 

An Ozempic injection pen.David J. Phillip / AP

“This investment really gives us the opportunity to serve more patients,” Doug Langa, Novo Nordisk’s head of North American operations, said in an interview. “Importantly, I think the other key message here is it’s further investment in the U.S., so I think we’re very proud of that.”

Construction of the 1.4 million-square-foot facility has begun and is expected to be completed between 2027 and 2029, Novo Nordisk said. The company said 1,000 workers will staff the site, adding to the 2,500 employees already working at its three existing manufacturing plants in North Carolina. 

That includes two sites that are already operational in Clayton — one responsible for fill and finish work and another dedicated to producing the active ingredient in the company’s diabetes pill Rybelsus. The company also has a site in Durham, North Carolina, responsible for manufacturing and packaging oral drugs and another facility in West Lebanon, New Hampshire.

Twelve other production sites are located in Denmark, France, China, Japan, Algeria, Brazil, Iran and Russia, according to a Novo Nordisk spokesperson.

Three lower doses of Wegovy are currently in shortage in the U.S. due to high demand, according to a Food and Drug Administration database. Patients start Wegovy with lower doses and gradually increase the amount every four weeks until they reach a target dosage.

Wegovy is an injectable prescription weight loss medicine. Michael Siluk / Universal Images Group via Getty Images

Wegovy and Ozempic are part of a class of medications called GLP-1s that mimic hormones produced in the gut to suppress a person’s appetite and regulate their blood sugar.

Around 35,000 U.S. patients on average start Wegovy each week today, up from roughly 27,000 in May, a Novo Nordisk spokesperson said in a statement. Still, Langa said the company is being “very purposeful” about how many lower doses it is releasing into the U.S. market to ensure patients who have already started taking Wegovy can continue treatment with higher doses.

Rival drugmaker Eli Lilly has also committed billions of dollars to increase manufacturing capacity for its popular GLP-1s for weight loss and diabetes, Zepbound and Mounjaro. The company similarly has several production plants in North Carolina. 

This post appeared first on NBC NEWS

previous post
The ‘funflation’ effect: Why Americans are spending on travel and entertainment
next post
Why Jamaal Bowman’s New York primary is huge for pro-Israel groups

You may also like

Inflation pressure lingering from pandemic is keeping Fed...

May 30, 2024

Anne Wojcicki to buy back 23andMe and its...

June 16, 2025

Judge temporarily blocks sports streaming service owned by...

August 18, 2024

Trump Media CFO, two other insiders sell millions...

November 16, 2024

Welcome to the housing market’s ‘new normal’ —...

February 26, 2024

Target, McDonald’s and others are offering value as...

May 24, 2024

Tesla is the new meme stock, according to...

July 11, 2024

Chick-fil-A announces shift from ‘no antibiotics’ in chicken...

March 28, 2024

Chrysler and Dodge parent recalling 318,000 vehicles over...

March 27, 2024

Microsoft’s mammoth AI bet will lead to over...

October 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump and Kim Jong Un should make ‘bold decision’ to meet during his Asia trip, South Korean official says

      October 25, 2025
    • Trump admin accuses Hillary Clinton of stealing White House furniture as former first lady slams ballroom plan

      October 25, 2025
    • White House responds to reports Trump named new ballroom after himself

      October 25, 2025
    • Cruz ‘cannot support’ Trump’s Kuwait ambassador pick over Muslim Brotherhood remarks

      October 25, 2025
    • Trump to jet off to Asia as North Korea fires ballistic missiles and China trade questions loom

      October 25, 2025

    Archives

    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024

    Categories

    • Business
    • Editor's Pick
    • Politics
    • Stock
    • Uncategorized
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 americandaddytrader.com | All Rights Reserved