Catalent Completes $25M Upgrade To Schorndorf Site, Featuring Expanded Storage And New FastChain Area
Portfolio Pulse from Benzinga Newsdesk
Catalent has completed a $25M upgrade to its Schorndorf site, expanding storage and adding a new FastChain area. The expansion includes a 32,000 square foot increase, new storage for clinical trial materials, and a fully automatic bottle filling line.
July 16, 2024 | 6:29 am
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Catalent has completed a $25M upgrade to its Schorndorf site, expanding storage and adding a new FastChain area. This expansion enhances the company's capabilities in handling clinical trial materials and providing demand-led supply services.
The $25M upgrade to Catalent's Schorndorf site significantly enhances its storage and supply capabilities, which is likely to improve service levels for its pharma and biotech customers. This positive development is expected to have a favorable impact on Catalent's stock price in the short term.
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