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Novo Splashes Out Again To Solve Semaglutide Supply Problem

 
• By Kevin Grogan

Novo Nordisk is buying three manufacturing facilities for $11bn from Catalent, which has just been acquired by the former's main shareholder Novo Holdings, in its latest bid to meet surging demand for its semaglutide-based diabetes and obesity drugs.

Novo Nordisk Kalundborg
Kalundborg, the Danish drugmaker's largest plant • Source: Novo Nordisk

The stunning success of Novo Nordisk A/S's semaglutide has filled the coffers of the controlling shareholder of the Danish drugmaker which is dipping into its mountain of cash to acquire contract manufacturer Catalent, Inc for $16.5bn.

Novo Holdings is paying $63.50 per share in cash, which represents a premium of 16.5% to Catalent’s closing price on...

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