Novo Nordisk A/S to Build $78 Million Plant in Iran

(Reuters) - 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 programme.

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

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