Headlines
Novo Nordisk shuts cell therapy unit amid restructuring
Published by Global Banking & Finance Review®
Posted on October 10, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 10, 2025
2 min readLast updated: January 21, 2026
Novo Nordisk halts its cell therapy unit, affecting 250 jobs, as part of a major restructuring to focus on growth under new leadership.
By Siddhi Mahatole
(Reuters) -Novo Nordisk has decided to discontinue its cell therapy research and development efforts, a spokesperson for the Danish drugmaker told Reuters on Friday.
Bloomberg News first reported on the development earlier in the day, citing Danish newspaper Borsen, which said Novo was also laying off nearly all of the unit's 250 employees.
Novo was testing its cell therapy to generate insulin-producing beta cells for patients with type 1 diabetes in a preclinical study, along with another cell therapy candidate for Parkinson's disease in early-stage trials.
The company said last month it would cut 9,000 jobs in a bid to reignite growth and revive its fortunes under a new CEO.
"As part of this change, we are assessing all business areas and regions to simplify structures, reduce duplication, and sharpen focus," a Novo spokesperson said on Friday, but declined to share details about individual sites and employees involved.
The drugmaker said it was seeking partners with manufacturing capacity to develop its innovations.
It has laid off dozens of employees at the largest U.S. manufacturing site for its blockbuster obesity and diabetes drugs, Reuters reported earlier this week, citing a review of LinkedIn posts.
In late September, Novo called off its $598 million collaboration with Japanese biotech Heartseed to develop cell therapy for patients with advanced heart failure.
(Reporting by Siddhi Mahatole and Sneha S K in Bengaluru; Editing by Shailesh Kuber, Alan Barona, Sahal Muhammed and Pooja Desai)
Restructuring refers to the process of reorganizing a company's structure, operations, or finances to improve efficiency, reduce costs, or adapt to market changes.
Layoffs are the termination of employees from their jobs, often due to economic conditions, company restructuring, or financial difficulties faced by the organization.
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