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Stock impact report

Novartis opens California site for RLT manufacturing [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
The new site increases capacity and strengthens the company's supply chain capabilities for RLTs in the US. The facility in Carlsbad, filed with the US Food and Drug Administration (FDA) as an additional US supply point, will commence commercial production once regulatory approval is obtained. RLTs are precision medicines that combine tumour-targeting ligands with therapeutic radioisotopes to administer radiation directly to tumours, aiming to minimise surrounding cell damage. Given their short radioactive half-life, proximity to treatment hubs is vital for timely patient delivery. Novartis CEO Vas Narasimhan stated: “At Novartis, we tackle the toughest challenges in medicine by doing what's never been done before for patients. Radioligand therapy is a breakthrough we've unlocked at scale, made possible by reimagining how innovation reaches patients. “As the global leader in RLT for more than seven years, we've advanced this technology with a deep belief in its power to tra Show less Read more
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