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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.
Catalent, Inc. (NYSE: CTLT) has released its fourth Corporate Responsibility Report for the fiscal year 2022, ending June 30, showcasing advancements in environmental, social, and governance (ESG) commitments. The company manufactured 80 billion doses across 8,000 products, supporting the launch of 150 new medicines. Catalent has reduced greenhouse gas emissions by 38% from a fiscal 2020 baseline and aims for a 42% reduction by 2030. Additionally, it has committed to zero waste to landfill by 2024, with 60% of sites achieving this milestone. The report also highlights increased diversity efforts and over $1.3 million in philanthropic contributions.
Catalent, Inc. (NYSE: CTLT) has appointed Joseph A. Ferraro as its Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary, based in Somerset, New Jersey. Mr. Ferraro brings extensive experience from his tenure at Innovate Corp. (NYSE: VATE) and Prospect Capital (NASDAQ: PSEC), where he managed global legal and compliance operations, including significant M&A transactions. He will lead Catalent's legal and compliance teams and report to Steven Fasman, Chief Administrative Officer. This strategic appointment is expected to enhance Catalent's legal oversight as it navigates the highly regulated life sciences market.
Catalent reported Q2'23 net revenue of $1.15 billion, reflecting a 6% decrease compared to Q2'22, or 2% in constant currency. Organic net revenue fell 4%. The company posted net earnings of $81 million and Adjusted EBITDA of $283 million, down 9% as reported. Catalent reiterated its full-year guidance of $4,625 million to $4,875 million in net revenue and $1,220 million to $1,300 million in Adjusted EBITDA. Additionally, Catalent and Moderna are extending their collaboration for manufacturing multiple products across North America and Europe, enhancing their ongoing partnership in both COVID and non-COVID programs.
Catalent, Inc. (NYSE: CTLT) will release its financial results for Q2 fiscal 2023, ending December 31, 2022, before the market opens on February 7, 2023. A management webcast will follow at 8:15 a.m. ET to discuss the results. Interested parties can access the webcast via Catalent’s investor website. The company, a leader in optimizing product development and supply for pharma and biotech, generated nearly $5 billion in revenue during its last fiscal year.
Catalent, Inc. (NYSE: CTLT) has appointed Ricardo Zayas as Senior Vice President of Operations for Biologics North America. Zayas will oversee North American biologics operations, including fill/finish services in Bloomington, Indiana and gene therapy manufacturing in Harmans, Maryland. Reporting to CEO Alessandro Maselli, Zayas brings over 30 years of experience in pharmaceutical manufacturing, having previously served as COO at Ocyonbio and holding leadership roles at Romark Pharmaceuticals and Bristol-Myers Squibb. This strategic appointment aims to enhance Catalent's operational excellence and support growth in innovative treatments.
Avantor has entered into a multi-year supply and services agreement with Catalent to provide a wide range of laboratory supplies, clinical materials, and services. This partnership aims to enhance both companies' capabilities in delivering better treatments to patients and reflects their commitment to meeting global health needs. The collaboration builds on an existing relationship, showcasing Avantor's strengths in reliability and innovation.
Catalent and Sarepta Therapeutics have entered into a commercial supply agreement for Catalent to manufacture Sarepta’s gene therapy candidate, delandistrogene moxeparvovec (SRP-9001), aimed at treating Duchenne muscular dystrophy (DMD). This agreement names Catalent as Sarepta's primary manufacturing partner for SRP-9001 and supports additional candidates in Sarepta’s pipeline for limb-girdle muscular dystrophy (LGMD). Catalent boasts advanced manufacturing capabilities with 10 cGMP gene therapy suites, with 8 more under construction.
Catalent, Inc. (NYSE: CTLT) will participate in the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 5:15 p.m. EST. Members of the executive leadership team will present, and a live webcast will be available at investor.catalent.com. Catalent is a leader in pharmaceutical and biotech development, generating nearly $5 billion in revenue in FY 2022. The company supports over 1,000 partner programs and launches 150 new products annually, with a workforce of approximately 18,000 professionals.
Catalent (NYSE: CTLT) has appointed J. Martin Carroll, the lead independent director, as its new Chair, effective after the retirement of John Chiminski on
Catalent, Inc. (NYSE: CTLT), a leader in pharmaceutical and biotech solutions, announced participation in the Stephens Annual Investment Conference on November 16, 2022, at 11:00 a.m. ET. The event will feature members of the executive leadership team and will be accessible via a live webcast at investor.catalent.com. Catalent specializes in optimizing product development and supply for personalized medicines and new pharmaceuticals, with over 150 products launched annually, and nearly $5 billion in revenue in the 2022 fiscal year.
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