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Sanofi CFO says won't be affected by Novo's Catalent deal

Reuters
Oct 25, 2024

FRANKFURT, Oct 25 (Reuters) - Sanofi's finance chief on Friday said the company won't be affected by Novo Nordisk's controlling shareholder's decision to acquire contract drug manufacturer Catalent , adding the deal made sense for its rival.

"They desperately need capacity so it makes sense for them," Sanofi CFO Francois-Xavier Roger said in a media call after the release of third-quarter results.

He added Novo paid a "very heavy price to get access to the capacity", given very strong demand for weight-loss drugs.

Swiss drugmaker Roche on Wednesday joined peer Eli Lilly in voicing concern over the planned Catalent takeover, saying it could hit competition in the booming weight-loss drug industry.

(Reporting by Ludwig Burger)

((ludwig.burger@thomsonreuters.com; +49 30 220133634;))

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