Italy set to speed through $2.3 billion Novo Nordisk investment
As part of Novo Holdings' takeover of pharmaceutical company Catalent (CTLT.MX), opens new tab last year, Novo Nordisk acquired a site in Italy along with two others, one in Belgium and one in the United States.
Francesco Rocca, president of the Lazio region that includes Rome and is where the Anagni factory is based, was made special commissioner for the site, a role giving him powers to speed up projects related to the facility, including upgrades.
The factory will produce weight loss and anti-diabetes drugs, the region said in a statement, adding that Rocca's appointment "aims to ensure administrative speed and institutional coordination, essential elements for a project of this magnitude".
Italy's government approved Novo's plans to upgrade capacity at the Anagni site in March, saying the company had pledged to invest more than 2 billion euros in 2025-2029 and hire around 800 people, boosting the total workforce to 1,500.
The government declared the plans to be of "pre-eminent strategic interest", a status granted to large foreign investment projects that allows the fast-tracking of approval procedures.
($1 = 0.8530 euros)
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