Economy, Business And Markets
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Danish Drug Co. to Build Iran Plant

Danish Drug Co. to Build Iran PlantDanish Drug Co. to Build Iran Plant

Pharmaceutical giant Novo Nordisk said on Tuesday it would invest millions in Iran, joining a still very small group of European companies to have announced concrete deals in Tehran after it struck a deal on its nuclear program.

Novo Nordisk, the world’s largest diabetes drugs maker, said it would build a €70 million ($78 million) manufacturing plant in Iran. It already has a subsidiary in the country selling insulin and employing 130 people there since 2005, Reuters reported.

 

Financialtribune.com