Novartis Expands Production Of Pluvicto With Addition Of Its Largest And Most Advanced Radioligand Therapy Manufacturing Facility In Indianapolis
Portfolio Pulse from Benzinga Newsdesk
Novartis has received FDA approval for its new radioligand therapy (RLT) manufacturing facility in Indianapolis, which is now the largest and most advanced of its kind. The facility will increase RLT production capacity to 250,000 doses in 2024, ensuring an unconstrained supply of Pluvicto and Lutathera for current and future demand. Novartis has also doubled weekly production of Pluvicto, allowing treatment within two weeks of diagnosis. The company is expanding its global RLT manufacturing network, including new facilities in Japan and China, and aims to improve patient access by adding more treatment sites.
January 05, 2024 | 2:31 pm
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Novartis' new FDA-approved RLT facility in Indianapolis will significantly increase production capacity for Pluvicto and Lutathera, ensuring supply meets demand. This expansion supports the company's commitment to cancer treatment and may positively influence future revenues.
The FDA approval of Novartis' new RLT facility directly impacts the company's ability to meet the demand for its cancer treatments, which could lead to increased sales and revenue. The expansion of manufacturing capabilities and the commitment to supply for current and future clinical trials are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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