US EditionWegovy Maker Novo Nordisk To Buy Novavax's Czech Republic Manufacturing Facility For $200 Million - Novo Nordisk (NYSE:NVO), Novavax (NASDAQ:NVAX)
- Novavax, Inc. agreed to sell its Czech Republic manufacturing facility to Novo Nordisk A/S for $200 million, as stated in the headline.
- The deal includes a 150,000-square-foot manufacturing facility, support buildings, and the existing workforce.
- The agreement will reduce Novavax's annual operating costs by approximately $80 million and provide significant non-dilutive capital.
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Wegovy Maker Novo Nordisk To Buy Novavax's Czech Republic Manufacturing Facility For $200 Million - Novo Nordisk (NYSE:NVO), Novavax (NASDAQ:NVAX)
On Wednesday, Novavax, Inc. (NASDAQ:NVAX) agreed to sell its Bohumil, Czech Republic manufacturing facility to Novo Nordisk A/S (NYSE:NVO) for $200 million. The agreement includes transferring assets, including a 150,000-square-foot recombinant protein manufacturing facility with support buildings, the existing workforce, and all related and required infrastructure. Also Read: FDA Gives Green Signal To Novavax’s COVID-19-Influenza Combo Vaccine …
Novo Nordisk works at high pressure to keep up with the demand for the company's products, including the weight loss agent Wegovy. It is probably in this light that the pharmaceutical giant's acquisition of ...
Danish Novo Nordisk - the world's leading manufacturer of insulin and weight loss preparations - has agreed to buy a medicine factory in Bohumil, Czech Republic, for 200 million dollars (equivalent to 2.2 billion kroner).
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