FRANKFURT, Oct 23 (Reuters) - The CEO of pharmaceuticals
giant Roche has urged authorities to block the takeover
of contract drug manufacturer Catalent ( CTLT ) by Novo
Nordisk's controlling shareholder, citing harm to
industry peers.
"It's not a problem for us, but it could be a problem for
other smaller players, if there is a restriction in how many
(contract manufacturers) are available," Roche's CEO Thomas
Schinecker said in a media call. "From an industry perspective,
it would be a wrong decision by authorities."
He spoke after the release of quarterly sales on Wednesday.
Last week, U.S. consumer groups and labour unions petitioned
the U.S. Federal Trade Commission to block Novo Holdings, the
controlling shareholder of Novo Nordisk, from acquiring
Catalent ( CTLT ), saying the deal threatened competition in weight loss
drugs and cutting-edge gene therapies.
The groups said at the time that the deal could constrain
options for competitors such as Amgen ( AMGN ), Pfizer ( PFE ),
Roche and AstraZeneca ( AZN ), which are reportedly developing
their own obesity drugs, some of which are based on
difficult-to-make peptides.
Viking Therapeutics ( VKTX ), Structure Therapeutics ( GPCR )
and Sun Pharma could also be affected, the
groups said.
Novo Holdings has said it believes in a "pro-competitive
rationale" for the transaction.
The head of Roche's pharmaceutical division, Teresa Graham,
underscored on Wednesday that Roche itself was not impacted: "We
are quite confident in the capacity we have. We have reserved
capacity with other CMOs (contract manufacturing
organisations)."
Roche has previously said it would use a mix of in-house and
external manufacturing for future commercial production of its
obesity drugs.