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Catalent, Inc. (symbol: CTLT) is a leading contract development and manufacturing organization (CDMO) that plays a crucial role in the global pharmaceutical and biotechnology industries. With over 80 years of experience, Catalent specializes in providing a comprehensive range of development and manufacturing solutions for drugs, biologics, cell and gene therapies, and consumer health products. The company operates under four main segments: Biologics, Softgel and Oral Technologies, Oral and Specialty Delivery, and Clinical Supply Services.
At Catalent, innovation and expertise are at the core of their operations. The company is dedicated to accelerating the development and delivery of new treatments by leveraging its advanced technologies and extensive industry knowledge. Catalent's services span the entire lifecycle of a product, from initial drug development and clinical trials to commercial manufacturing and packaging. This end-to-end approach allows them to support pharmaceutical customers with long-term supply agreements and partnerships.
One of Catalent's key strengths lies in its global presence. The company operates over 50 state-of-the-art facilities across four continents, ensuring that it can meet the diverse needs of its clients worldwide. By providing tailored solutions and maintaining high standards of quality and reliability, Catalent has established itself as a trusted partner for many of the world's leading pharmaceutical companies.
Catalent's commitment to innovation is evident through its focus on drug delivery technologies. As a world leader in this field, the company has a proven track record of enhancing bioavailability, solubility, and permeability of drug compounds. These advancements not only improve the efficacy of treatments but also enhance patient compliance and outcomes. Catalent's expertise in developing more effective and convenient drug delivery methods has made a significant impact on the healthcare industry.
Financially, Catalent remains robust, with consistent revenue generation driven by its long-term contracts and diverse service offerings. The company's ability to adapt to market demands and invest in cutting-edge technologies has positioned it for sustained growth. Recent achievements include the expansion of their biologics capabilities and strategic collaborations with key industry players to advance cell and gene therapies.
In conclusion, Catalent, Inc. stands as a pivotal entity in the pharmaceutical and biotechnology sectors. Through their extensive range of services, global reach, and unwavering commitment to innovation, they continue to drive faster, more efficient development timelines and deliver superior manufacturing and packaging solutions. For investors and stakeholders, Catalent represents a vital player in the advancement of modern medicine and healthcare.
Novo Holdings has completed its acquisition of Catalent in an all-cash transaction valued at approximately $16.5 billion. Under the deal, Catalent shareholders will receive $63.50 per share, representing a 47.5% premium to the 60-day volume-weighted average price as of February 2, 2024. Following the acquisition, Catalent will operate as a private company, with Alessandro Maselli continuing as President and CEO.
As part of the transaction, Novo Nordisk will acquire three fill-finish sites from Novo Holdings, located in Anagni, Italy; Bloomington, Indiana, USA; and Brussels, Belgium. Catalent's common stock will be delisted from the New York Stock Exchange.
Catalent (NYSE: CTLT) and Novo Holdings have announced the fulfillment of all regulatory closing conditions for their pending transaction, with closure expected in the coming days. The transition will move Catalent to private ownership under Novo Holdings, a global life sciences investment firm.
Alessandro Maselli, Catalent's CEO, expressed optimism about the company's future, noting that Novo Holdings' support and additional resources will strengthen Catalent's position to drive innovation and enhance offerings for customers and patients. Jonathan Levy, Senior Partner at Novo Holdings, emphasized the transaction's expected benefits and their enthusiasm for partnering with Catalent to improve patient outcomes.
Catalent (NYSE: CTLT) and Novo Holdings have received unconditional approval from the European Commission for their pending acquisition transaction. The deal, which will see Novo Holdings acquire Catalent, is expected to close towards the end of 2024, subject to remaining regulatory clearances and customary closing conditions.
Alessandro Maselli, Catalent's CEO, expressed optimism about the company's future as a private entity under Novo Holdings' support. Jonathan Levy, Senior Partner at Novo Holdings, emphasized their commitment to supporting Catalent's continued value creation for stakeholders and improved outcomes for customers and patients.
Catalent (CTLT) reported Q1 fiscal 2025 results with net revenue of $1.02 billion, up 4% year-over-year. Excluding COVID revenue, which decreased from ~$100M to ~$30M, core revenue grew 13%. The company reported a net loss of $(129) million, or $(0.71) per share, while Adjusted EBITDA increased 11% to $125 million. The Biologics segment revenue grew 3% to $461 million, while Pharma and Consumer Health revenue increased 5% to $563 million. The company maintains its pending transaction with Novo Holdings, valued at $16.5 billion, expected to close by end of 2024.
Catalent has issued an open letter to customers addressing inaccuracies about Novo Holdings' pending acquisition. Key points include:
- Catalent will continue as a leading global, independent, full-service CDMO post-acquisition
- The company's network of nearly 50 global sites will maintain its services and partnerships
- Alessandro Maselli will remain President and CEO after the transaction closes
- Novo Holdings is committed to supporting Catalent's growth and customer service
- Catalent's commitments to customers and patient focus will not change
- The acquisition is expected to close towards the end of 2024, subject to regulatory approvals
Catalent, Inc. (NYSE: CTLT) has announced an agreement to sell its oral solids development and small-scale manufacturing facility in Somerset, NJ to Ardena, a Contract Development and Manufacturing Organization (CDMO). The deal is expected to close in early 2025, with financial details undisclosed. Catalent's corporate headquarters, currently located at the Somerset site, will transition to a new location to be announced later.
This move follows Catalent's recent investments in oral solid capabilities at other facilities in the United States and Europe, including expanded commercial spray drying capabilities, oral high potent API handling capabilities, and manufacturing capacity. A notable investment was the acquisition of a 333,000-square-foot facility in Greenville, NC for $475 million in October 2022, which specializes in turnkey solutions for oral solid dosage forms.
Catalent (NYSE: CTLT) reported Q4'24 net revenue of $1.30 billion, a 23% increase from Q4'23, or 24% in constant currency. Excluding COVID-related revenue, this growth was 29%.
Fiscal 2024 net revenue was $4.38 billion, a 3% increase from FY'23, or 2% in constant currency. Excluding COVID-related revenue, growth was 13%.
Q4'24 net earnings were $23 million, with an adjusted EBITDA of $305 million, up 150% from Q4'23. Fiscal 2024 saw a net loss of $1.04 billion, with adjusted EBITDA of $703 million, a 1% increase from FY'23.
Biologics segment Q4'24 net revenue rose 51%, while Pharma and Consumer Health increased by 7%. Catalent's total debt stood at $4.91 billion as of June 30, 2024.
The pending $16.5 billion acquisition by Novo Holdings is expected to close by the end of 2024.
Catalent, Inc. (NYSE: CTLT) has completed a $25 million expansion of its clinical supply facility in Schorndorf, Germany. The expansion adds 32,000 square feet of space, increasing capacity for temperature-controlled storage between 15-25°C and creating room for a new automatic bottle filling line. It also includes a dedicated area for Catalent's FastChain® demand-led supply service.
The Schorndorf site, Catalent's flagship European facility, offers comprehensive clinical supply services, including packaging, storage, and distribution. This expansion aims to support Catalent's pharma and biotech customers and enhance its ability to meet growing demand for clinical packaging solutions.
Ardena announces the retirement of CEO Harry Christiaens and the appointment of Jeremie Trochu as the new CEO, effective June 6, 2024. Trochu, an experienced executive, previously served at Catalent as Division Head, Bioanalytics. He brings over 20 years of expertise in the pharmaceutical CDMO industry and has extensive experience in both European and North American markets. Harry will remain on Ardena's Board after stepping down. GHO Capital, which acquired Ardena in 2019, expressed confidence in Trochu's ability to drive growth and international expansion. The announcement follows Ardena's recent EUR 25 million investment in GMP nanomedicine and aseptic fill-finish capabilities.
Catalent, a global leader in drug development and supply, announced the approval of its acquisition by Novo Holdings. At a Special Meeting, Catalent stockholders voted in favor of the Merger with 99.2% approval. Novo Holdings will acquire all outstanding shares of Catalent for $63.50 per share in cash. Catalent's President and CEO, Alessandro Maselli, expressed gratitude for the stockholders' support and confidence in Catalent's future. The transaction, anticipated to close by the end of 2024, is subject to regulatory approvals and customary closing conditions. The transaction is not contingent on financing.
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