With a backup to the backup, insulin makers say they're primed for Brexit [Reuters (UK)]
Novo Nordisk A/S (NVO)
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Source: Reuters
With a backup to the backup, insulin makers say they're primed for Brexit - Reuters 6 Min Read LONDON (Reuters) - For two men trained as scientists, the bosses of Britain’s major insulin providers have had to become experts in ferry schedules, trucking laws and warehouse capacity as they seek to guarantee the supply of life-saving drugs through a chaotic Brexit. With Britain set to leave the European Union within weeks, Pinder Sahota at the world’s biggest insulin maker Novo Nordisk, and Sanofi’s Hugo Fry have rebuilt operations to withstand the most turbulent of events. The two companies told Reuters they had spent millions of pounds, which they cannot recoup, stockpiling millions of packets of insulin - used to treat diabetes - inside Britain and building new shipping and air freight routes. Their plans, formulated over three years, show the lengths companies across the continent are having to go to overhaul long-standing supply chains that may not survive Britain’s biggest trade up
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- 5/3/24 - Beat
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- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- NVO's page on the SEC website