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Novo Halts Work on Cell Therapy Cure for Diabetes to Cut Costs

Summary by Bloomberg
Novo Nordisk A/S cut its cell therapy division, which has been trying to find a cure for type 1 diabetes, as the Ozempic maker continues to slash headcount to focus on lucrative areas of obesity and diabetes treatment.

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Bloomberg broke the news in United States on Friday, October 10, 2025.
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