Biotech firm Novavax sells its Czech manufacturing site to Novo Nordisk for $200 million.

Biotech company Novavax has agreed to sell its manufacturing site in Bohumil, Czech Republic, to pharmaceutical firm Novo Nordisk for $200 million. The deal includes a high-tech manufacturing facility and its workforce, with Novo Nordisk taking full control by the end of this year. Novavax expects to receive $190 million this year and $10 million next year, along with annual savings of about $80 million. The proceeds will help Novavax advance its growth strategy.

4 months ago
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