New Chinese plant to strength radiopharma role for Novartis

6 December 2023

Swiss pharma giant Novartis (NOVN: VX) is consolidating its commitment to radioligand therapies with the establishment of a second production site in China.

The $85 million facility, which will be built in the Zhejiang province, is expected to become operational by 2026.

Novartis already has a radiopharmaceutical manufacturing facility in the Changping district, which has a maximum production capacity of 3 billion tablets.

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