Catalent had several suitors, including another of its business partners, before Novo won out
05 Apr 2024
In 2022, about nine months before Novo Holdings first reached out to Catalent about a potential deal, the contract manufacturer was in talks with another company with which it had an “existing commercial relationship,” according to a securities filing with background on the $16.5 billion transaction.
And the mysterious “Party A” wasn’t the only business partner that took a look, according to the SEC filing. In addition to Party A, a “Party B” — another “existing commercial relationship” of Catalent’s — took a look as well (though never bid).
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Source: EndPoints
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