New book reveals former CEO almost moved Novo Nordisk to Switzerland

The Novo Nordisk Foundation ended up blocking a potential merger with a Swiss pharmaceutical company that would see the Danish drugmaker move headquarters.
Lars Rebien Sørensen, former Novo Nordisk CEO and current chair of the Novo Nordisk Foundation | Photo: Stine Bidstrup/Ritzau Scanpix
Lars Rebien Sørensen, former Novo Nordisk CEO and current chair of the Novo Nordisk Foundation | Photo: Stine Bidstrup/Ritzau Scanpix
by rasmus lange, translated by daniel pedersen

During a ten-year period lasting from 1994 to 2004, Novo Nordisk was in talks about merging with different companies, culminating in 2004 when the Danish drugmaker came close to fusing with Swiss pharmaceutical company Serono and moving headquarters from Copenhagen to Geneva, Switzerland.

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