BRIEF-Novavax Sells Czechia Manufacturing Site To Novo Nordisk-February 2024-www.financetom.com

BRIEF-Novavax Sells Czechia Manufacturing Site To Novo Nordisk

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BRIEF-Novavax Sells Czechia Manufacturing Site To Novo Nordisk

Dec 3, 2024 11:37 PM

Dec 4 (Reuters) - Novavax Inc ( NVAX ):

* NOVAVAX ANNOUNCES SALE OF CZECH REPUBLIC MANUFACTURING

SITE TO

NOVO NORDISK FOR $200 MILLION

* TO SELL CZECH REPUBLIC MANUFACTURING SITE TO NOVO NORDISK

FOR

$200 MILLION

* EXPECTS ANNUAL OPERATING COST REDUCTIONS OF $80 MILLION

FROM

SALE

* AGREEMENT INCLUDES TRANSFER OF 150,000-SQUARE FOOT

FACILITY AND

WORKFORCE

* FOLLOWING CLOSURE OF AGREEMENT FULL RESPONSIBILITY FOR

MANUFACTURING FACILITY WILL BE TRANSFERRED TO NOVO NORDISK

Source text:

Further company coverage:

(Gdansk Newsroom)

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