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French President Macron to unveil Novo Nordisk’s €2.1 Billion investment, signifying industrial revival

French President Emmanuel Macron is set to inaugurate a substantial 2.1 billion euro ($2.3 billion) investment by Novo Nordisk in France, signifying a resurgence in French industrial competitiveness. The Danish pharmaceutical company’s investment, centred in Chartres, near Paris, adds to its existing workforce of nearly 2,000 employees. Novo Nordisk, renowned for its widely-used anti-obesity drug Wegovy, will reportedly not provide specific details regarding the investment. The Elysee Palace touts this as Macron’s most significant healthcare sector investment, anticipating the creation of 500 new job opportunities. This substantial influx of capital signals a positive shift in France’s industrial landscape, positioning the country favourably and highlighting growing confidence in its healthcare industry.

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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises patients and healthcare providers such as hospitals, pharmaceuticals, and related life sciences.

Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Our weekly business newsletter covers innovations and disruptions in the Healthcare industry with global coverage.

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