Profile
Sector:
HealthcareCountry:
United StatesIPO:
31 July 2014Website:
http://www.catalent.comNext earnings report:
07 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 22:11:01 GMTDividend
Analysts recommendations
Institutional Ownership
CTLT Latest News
EU antitrust regulators have requested opinions from pharmaceutical competitors and clients regarding four business sectors due to Novo Holdings' proposed $16.5 billion acquisition of Catalent, according to sources familiar with the situation.
Catalent (CTLT) reported a quarterly loss of $0.13 per share, which is worse than the Zacks Consensus Estimate of $0.11. This is also a decline from a loss of $0.10 per share the previous year.
EU antitrust regulators are expected to make a decision by December 6 on whether to approve Novo Holdings' purchase of the contract drug manufacturer Catalent, as stated in a document on the European Commission's website on Monday.
Catalent's stock is experiencing uncertainty because many pharmaceutical companies are worried about possible reduced competition after the acquisition, particularly in the production of weight-loss medications.
CTLT has announced that it has reached an agreement to sell its facility in Somerset, which focuses on the development and manufacturing of oral solid medications, to Ardena.
Catalent announced on Monday that it will sell its facility in Somerset, New Jersey, which focuses on oral drug development and small-scale manufacturing, to the private contract drug manufacturer Ardena.
On October 14, 2024, in Ghent, Belgium, Ardena, a pharmaceutical Contract Development and Manufacturing Organisation (CDMO) with GMP facilities in several countries, announced that it has finalized an agreement to purchase Catalent's advanced facility in Somerset, New Jersey. This acquisition will greatly improve Ardena's ability to manufacture oral drug products on a smaller scale during the later stages of development. It aligns with Ardena's goal to become a top global CDMO that provides comprehensive solutions throughout the pharmaceutical development process.
U.S. Senator Elizabeth Warren has urged antitrust regulators to carefully examine a $16.5 billion agreement where Novo Nordisk's main shareholder plans to buy contract drug maker Catalent. She believes this deal could provide the pharmaceutical company an unfair edge in the market for weight loss and obesity medications.
Catalent (CTLT) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price in the short term.
On Friday, Catalent announced that it could not submit its annual report to regulators on schedule because it needs more time to finish "certain processes."
What type of business is Catalent?
Catalent, Inc. - a provider of advanced technologies for the development and production of drug delivery solutions; protein, cell and gene therapy biological products, as well as consumer health products. The company was founded in 2007, headquartered in Somerset, New Jersey. Production assets are represented by 53 facilities on 4 continents: 22 facilities are located in the USA. The company annually produces more than 7,000 different products in several categories: branded drugs, generic drugs, biological products for protein, cell and gene therapy, over-the-counter drugs, as well as veterinary products, medical devices and diagnostic products.
What sector is Catalent in?
Catalent is in the Healthcare sector
What industry is Catalent in?
Catalent is in the Drug Manufacturers - Specialty & Generic industry
What country is Catalent from?
Catalent is headquartered in United States
When did Catalent go public?
Catalent initial public offering (IPO) was on 31 July 2014
What is Catalent website?
https://www.catalent.com
Is Catalent in the S&P 500?
Yes, Catalent is included in the S&P 500 index
Is Catalent in the NASDAQ 100?
No, Catalent is not included in the NASDAQ 100 index
Is Catalent in the Dow Jones?
No, Catalent is not included in the Dow Jones index
When was Catalent the previous earnings report?
No data
When does Catalent earnings report?
The next expected earnings date for Catalent is 07 February 2025