Novo Nordisk will invest almost $400 million to build a very large insulin manufacturing facility in Tianjin. The new facility will function as the company’s primary production site in China and serve the entire Asia Pacific region. The new 22,500 sq. meter plant, which will employ almost 500 people, is expected to become operational in 2012. The facility will be built on a site adjacent to Novo Nordisk’s existing manufacturing plant in Tianjin. More details...

Stock Symbol: (NYSE: NVO)