Thursday, November 7, 2019 Daily Archives

Catalent reports 50% y-o-y biologics growth as gene therapy enters the mix

Catalent says the integration of Paragon Bioservices’ gene therapy assets is progressing ahead of expectations. The CDMO reported quarterly sales in its biologics division of $189 million. For the first quarter of fiscal year 2020, Catalent reported revenues of $665 million (€600 million). For the contract development and manufacturing organization’s (CDMO) biologics division the quarter saw sales of $189 million, up 50% on the same period last year. Catalent has grown its biologics offering over the past few years, investing…