UPDATE 3-Lonza fills portfolio hole by buying Novartis drug bottling plant [Reuters]
LONZA GROUP AG UNSP/ADR (LZAGY)
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Source: Reuters
Lonza fills portfolio hole by buying Novartis drug bottling plant - Reuters 3 Min Read ZURICH (Reuters) - Lonza Group is buying a drug bottling plant from Novartis in northern Switzerland as the Swiss drug ingredients maker fills a gap in its offering for drugmakers seeking to outsource production. Novartis is selling the so-called “fill and finish” facility because its production lines had been underutilized. Lonza has been building up its drug products services business for three years and has been weighing whether to buy a factory from a rival where it can put the finishing touches on injectible medicines, or build such a facility itself like it is doing now in Visp, Switzerland. [ reut.rs/32272tu ] In buying Novartis’s 10-year-old plant in Stein, Lonza will be able to speed up work for customers seeking to take their injectible medicines quickly into the clinic and onto the market, in particular for smaller lots of medicines aimed at niche populations, a Lonza spokeswoman said. “B
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- 10/17/24 - KEPLER CHEUVREUX