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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)

  • 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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