Novo Nordisk Ups Lay Offs In R&D Push; Preps UK Supply Chain For Hard Brexit

Novo Nordisk's decision to free up resources for R&D investment means 1,300 lay-offs across the company by the end of the year. The Danish group is meanwhile stockpiling medicines and bolstering its supply chain outside the UK in case of  a 'no deal' hard Brexit, its CEO says.

R&D
Novo Nordisk needs 'cost efficiencies' to explore new therapeutic areas • Source: Shutterstock

Novo Nordisk AS has increased the number of planned lay-offs to 1,300 world-wide from an initially announced 400 to reallocate resources needed for drug discovery exploration in new disease areas, including use of stem cell therapy, the Danish group's CEO told journalists when presenting the company's third-quarter update.

Novo Nordisk in September announced it was cutting 400 R&D jobs in Denmark and China to allow better expansion and...

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