Here's a prime example of how politics affects the drug biz. Two years ago, a Danish newspaper published some cartoons that offended many Muslims and led to a boycott in some Islamic countries. Now, the Islamic Development Bank is putting up $10 million to help finance an insulin-production plant--in hopes of cutting out major insulin supplier Novo Nordisk. Which, of course, is based in Denmark.
The new plant is slated for a site near Jeddah and will be developed in partnership with Brazilian biotech Biomm. The Saudi firm leading the charge hasn't been identified.
- read the article in Dawn
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