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Catalent Inc - CTLT STOCK NEWS

Welcome to our dedicated page for Catalent news (Ticker: CTLT), a resource for investors and traders seeking the latest updates and insights on Catalent stock.

Catalent Inc (NYSE: CTLT) delivers essential pharmaceutical development solutions and manufacturing services for global healthcare partners. This dedicated news hub provides investors and industry professionals with timely updates on Catalent's operational milestones, strategic initiatives, and regulatory developments.

Access authoritative reporting on material events including clinical manufacturing advancements, drug delivery innovations, and global supply chain expansions. Our curated collection features earnings disclosures, partnership announcements, and facility updates directly impacting Catalent's market position.

Key focus areas include bioavailability enhancement technologies, commercial packaging solutions, and biologics manufacturing capabilities. Monitor critical updates through verified press releases and objective analysis of Catalent's role in accelerating therapeutic development timelines.

Bookmark this page for streamlined tracking of CTLT's progress in formulation science, regulatory submissions, and capacity investments across its global manufacturing network.

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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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Catalent, Inc. reported third quarter fiscal 2024 results with a net revenue increase of 4% compared to Q3'23, excluding COVID-related revenue. The net loss decreased from $(227) million in Q3'23 to $(101) million in Q3'24. Adjusted EBITDA increased by 55% compared to Q3'23. Catalent's pending transaction with Novo Holdings is expected to close by the end of 2024.

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Catalent, Inc. (CTLT) commits to reducing greenhouse gas emissions by 42% by 2030 from its 2022 baseline, with a focus on supplier emissions. The company implements ISO-certified environmental management systems at 24 locations, emphasizing environmental sustainability, diversity, and community support.
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Catalent, Inc. (NYSE: CTLT) reported a Q2'24 net revenue of $1.03 billion, a 10% decrease from Q2'23, excluding COVID-related revenue, net revenue increased by 8%. The net loss was $(204) million compared to $81 million of net income in Q2'23. Adjusted EBITDA was $124 million, a 56% decrease from Q2'23. Catalent raised $600 million in term loans, with total available liquidity of ~$1.3 billion. Novo Holdings will acquire Catalent in an all-cash transaction valued at $16.5 billion.
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Catalent, Inc. (NYSE: CTLT) has entered into a merger agreement with Novo Holdings, under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion. Stockholders will receive $63.50 per share in cash, representing a 47.5% premium to the 60-day Volume-Weighted Average Price as of February 2, 2024. Novo Holdings intends to sell three Catalent fill-finish sites and related assets acquired in the merger to Novo Nordisk shortly after the closing of the merger. The merger is expected to close towards the end of calendar year 2024, subject to customary closing conditions.
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Catalent, Inc. (CTLT) will release financial results for the second quarter of fiscal year 2024 on February 9, 2024. The webcast to discuss the results will be accessible through Catalent’s website. The Company’s management will host the webcast at 8:15 a.m. ET on the same day.
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Catalent, Inc. (NYSE: CTLT) has announced its targets to reduce greenhouse gas emissions by 42% by 2030, validated by the Science Based Targets initiative (SBTi). The company also committed to engaging with its suppliers to align their emissions reduction goals with science-based targets. Catalent has achieved its initial carbon reduction goal ahead of time through energy reduction projects and transitioning its sites to renewable electricity. The company has reinforced its roadmap to reduce greenhouse gas emissions and conducted its first Scope 3 inventory, showing that more than 80% of its emissions are generated by its value chain.
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Catalent, Inc. (NYSE: CTLT) to participate at the 42nd Annual J.P. Morgan Healthcare Conference on January 8, 2024
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Catalent, Inc. (NYSE: CTLT) announced a $600 million incremental term loan issuance to repay outstanding borrowings and strengthen its capital structure, increasing total liquidity to approximately $1.3 billion.
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Catalent, Inc. (NYSE: CTLT) has regained compliance with the NYSE continued listing standards after filing its Annual Report on Form 10-K for the year ended June 30, 2023 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. This has cured Catalent of the previously disclosed non-compliance with exchange listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual.
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Catalent Inc

NYSE:CTLT

CTLT Rankings

CTLT Stock Data

11.52B
180.20M
0.5%
87.87%
8.12%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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United States
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