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Tuesday, January 9, 2024

Catalent Shares Rise After Providing FY24 Outlook From GLP-1 Drugs

 Catalent shares rose after the company said at the J.P. Morgan Healthcare Conference that it expects revenue from manufacturing of GLP-1 drugs to be less than $100 million for the fiscal year 2024.

GLP-1 agonists, like Novo Nordisk's Ozempic and Eli Lilly's Zepbound are medications that help lower blood sugar levels and promote weight loss.

https://www.marketwatch.com/story/catalent-shares-rise-after-providing-fy24-outlook-from-glp-1-drugs-086a5991

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