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Novo Nordisk explores chinese manifacturing partnership
['Mille Tanya Andersen', 'About Mille Tanya Andersen', 'View All Posts Mille Tanya Andersen']
Scandasia
The top management of Danish pharmaceutical giant Novo Nordisk reportedly travelled to China in June to explore the possibility of partnering with a local manufacturer, according to the Danish business newspaper Finans.
During the visit, Novo Nordisk executives are said to have met with a potential Chinese partner as the company explores expanding its manufacturing capacity in one of its most strategically important growth markets.
The growing global demand for GLP-1 medicines has prompted pharmaceutical companies to expand production capacity, and two Danish analysts told Finans that exploring a local manufacturing partnership in China would be a logical step.
The production of Wegovy requires large quantities of semaglutide, making manufacturing capacity a key challenge as demand continues to grow.
Novo Nordisk declined to comment on the reported China plans when contacted by Finans.