Novo Nordisk plots $4.1 billion in U.S. factory amid Ozempic shortage, the same day it pulled out of its Ireland development project [Fortune]
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Catalent, Inc. (CTLT)
Last catalent, inc. earnings: 2/3 07:30 am
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Source: Fortune
The project in Clayton, North Carolina, will double the company's production footprint in the US, adding 1.4 million square feet of space for the final stages of manufacturing in which Novo's medicines are filled into injector pens and prepared for consumers. The facility will add 1,000 jobs, the Danish drugmaker said Monday. Shares of Novo rose slightly in early trading on Tuesday. The stock is up nearly 85% in the past year. The new US site is the latest in a series of multibillion-dollar investments into ratcheting up supply for diabetes drug Ozempic and weight-loss medicine Wegovy, which have propelled Novo into the limelight and made it Europe's biggest company. Novo said it now plans to pour some $6.8 billion into production investments this year, up from $3.9 billion in 2023. Novo is buying capacity as well as building its own. The company agreed earlier this year to acquire three of contract manufacturer Catalent Inc.'s factories for $11 billion Rival Eli Lilly & Co.
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News
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CTLT
Earnings
- 2/9/24 - Miss
CTLT
Sec Filings
- 6/5/24 - Form 4
- 6/4/24 - Form 144
- 5/29/24 - Form 8-K
- CTLT's page on the SEC website