Novo Nordisk Just Gave Investors $16.5 Billion More Reasons to Get Excited
Danish pharmaceutical company Novo Nordisk (NYSE: NVO) just made the headlines for something other than Ozempic. Well, sort of. One of the company's subsidiaries, Novo Holdings, is responsible for deploying capital in a mission-driven, efficient way to help broaden Novo Nordisk's reach.
Earlier this week, Novo Holdings announced it was acquiring for a total enterprise value of $16.5 billion. Let's break down the deal and analyze why this transaction could be a game changer for Novo Nordisk in the long run.
Catalent is a subcontractor for drug developers. Essentially, Catalent helps fulfill demand for treatments such as Ozempic and Wegovy at their various manufacturing facilities.
Source Fool.com
Catalent Inc. Stock
€55.15
-0.420%
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However, we have a potential of -0.27% for Catalent Inc. as the target price of 55 € is below the current price of 55.15 €.
