Catalent stays hot as it inks deal with French pharma that suffered PhIII flop

Just a cou­ple of deals in a cou­ple of days for Catal­ent.
The New Jer­sey-based CD­MO’s lat­est move is a long-term sup­ply agree­ment with Ery­tech Phar­ma, a French clin­i­cal-stage bio­phar­ma, and the pur­chase of its cell ther­a­py man­u­fac­tur­ing site in the moth­er­land.
The deal is good for $44.5 mil­lion, and 40 of Ery­tech’s Prince­ton, NJ em­ploy­ees will be of­fered em­ploy­ment by the site’s new own­er. Catal­ent will now make Ery­tech’s lead can­di­date Gras­pa for clin­i­cal and com­mer­cial sup­ply in the US.