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Drugmakers invest billions to build factories that fill injection pens

Drugmakers invest billions to build factories that fill injection pens
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Weight-loss drugs fuel boom for firms that fill syringes

LONDON Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk's Wegovy. Interviews with a dozen company executives, analysts and investors showed pharmaceutical services companies jostling to secure more of the specialist work of.

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Weight-loss drugs fuel boom for firms that fill syringes By Reuters

Weight-loss drugs fuel boom for firms that fill syringes By Reuters
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Weight-loss drugs fuel boom for firms that fill syringes

Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk's Wegovy. Interviews with a dozen company executives, analysts and investors showed pharmaceutical services companies jostling to secure more of the specialist work of filling the syringes used in the pens, a process known as fill-finish. "Every contract manufacturer that has sterile fill-finish capacity wants to add more, to get ahead, because it's not just about Wegovy anymore," said Tejas Savant, senior healthcare equity analyst at Morgan Stanley.

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US-China relations: Gina Raimondo s reality check in China seen paving way for Xi-Biden meeting as tensions persist

US commerce secretary’s trip next week comes as many American businesses have begun shifting away from China, but not abandoning it entirely, due to political and economic concerns.

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