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1925 - Thorvald and Harald Pedersen found Novo Terapeutisk Laboratorium

Thorvald and Harald Pedersen found Novo Terapeutisk Laboratorium in February and start selling Insulin Novo. This starts decades of rivalry between Novo Terapeutisk Laboratorium and Nordisk Insulinlaboratorium: two companies, two cultures, but both with the same overall goal: to develop and produce world-class diabetes medicine. Unlike August Krogh and his colleagues, the Pedersen brothers do not initially create a foundation.

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