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Novo-Catalent deal could hurt smaller drugmakers who lack strong access to contract manufacturing, Roche CEO says

( October 23, 2024, 18:46 GMT | Official Statement) -- MLex Summary: Blockbuster obesity drug manufacturer Novo Holding's proposed acquisition of Catalent — a medical contract development and manufacturing organization, or CDMO, — "doesn't make sense" from a competition standpoint and is likely to elicit objections from "antitrust authorities who want competition,"  Roche CEO Thomas Schinecker said during an earnings call. According to Schinecker, "in general, if companies start buying up CMOs, that will limit the amount of competition that there can be." Excerpt from earnings call follows below:...

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