CEO Mike Doustdar instructed Bloomberg its Athlone website will make the drug for non-US markets.
Danish pharmaceutical firm Novo Nordisk is reportedly set to broaden its Irish manufacturing facility in Co Roscommon, in accordance with Bloomberg.
New funding in its Athlone website will see it manufacturing weight reduction drug Wegovy for markets outdoors the US, CEO Mike Doustdar instructed the publication.
Whereas beforehand obtainable within the type of an injection, Wegovy was launched in capsule kind initially of this 12 months. Yesterday (11 February), Novo Nordisk stated it plans to start providing Wegovy in vials, quite than injection pens.
Doustdar stated that greater than 240,000 People are already taking the drug because it was launched in capsule kind in January, however didn’t reveal the size or timing of funding deliberate for Athlone.
The pharma firm, identified for creating anti-diabetic remedy Ozempic – which is popularly used for weight reduction – is dealing with robust competitors within the weight reduction area from rivals comparable to Eli Lilly, which additionally has Irish manufacturing services geared in direction of this market.
“If we had been about to throw within the towel we’d not be investing in factories in Eire,” Doustdar instructed the publication.
Novo Nordisk bought its Monksland, Athlone facility for $92.5m in December 2023. Final autumn, Novo applied job cuts, each voluntary and obligatory, on the facility as a part of a world spherical of layoffs.
An organization spokesperson instructed SiliconRepublic.com on the time that Novo was “saying a company-wide transformation to simplify our organisation, enhance decision-making pace and reallocate sources in direction of the corporate’s progress alternatives in diabetes and weight problems”.
In 2024, the corporate bought council lands price €1.55m to additional broaden its Monksland website.
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