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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. (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.

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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) announced Q1'24 net revenue of $982 million, a 4% decrease from Q1'23. The net loss was $(715) million, including non-cash goodwill impairment charges of $700 million. Adjusted EBITDA was $115 million, a 38% decrease from Q1'23. The company reaffirmed FY'24 financial guidance of $4.3 billion to $4.5 billion in net revenue and $680 million to $760 million in Adjusted EBITDA.
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FAQ

What is the current stock price of CATALENT (CTLT)?

The current stock price of CATALENT (CTLT) is $63.48 as of December 18, 2024.

What is the market cap of CATALENT (CTLT)?

The market cap of CATALENT (CTLT) is approximately 11.5B.

What is Catalent, Inc.'s core business?

Catalent, Inc. is a contract development and manufacturing organization (CDMO) that provides a range of development and manufacturing solutions for drugs, biologics, cell and gene therapies, and consumer health products.

How many facilities does Catalent operate?

Catalent operates over 50 facilities across four continents.

What segments does Catalent operate under?

Catalent operates under four segments: Biologics, Softgel and Oral Technologies, Oral and Specialty Delivery, and Clinical Supply Services.

What is Catalent known for in drug delivery technologies?

Catalent is known for enhancing bioavailability, solubility, and permeability of drug compounds, improving treatment efficacy and patient compliance.

Who are Catalent's primary customers?

Catalent primarily serves pharmaceutical companies through long-term supply agreements and partnerships.

What recent achievements has Catalent made?

Recent achievements include expanding biologics capabilities and strategic collaborations to advance cell and gene therapies.

How does Catalent support drug development?

Catalent supports drug development through their comprehensive services from initial development and clinical trials to commercial manufacturing and packaging.

What distinguishes Catalent in the pharmaceutical industry?

Catalent's innovation, global presence, advanced technologies, and extensive industry knowledge distinguish it as a leading CDMO.

What is the significance of Catalent's global presence?

Catalent's global presence with over 50 facilities allows them to meet diverse client needs worldwide and maintain high standards of quality and reliability.

How does Catalent ensure the quality of their services?

Catalent ensures quality through tailored solutions, advanced technologies, and adherence to high standards across their global facilities.

CATALENT, INC.

NYSE:CTLT

CTLT Rankings

CTLT Stock Data

11.52B
180.20M
0.5%
87.89%
4.99%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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United States of America
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