Oct 21 (Reuters) - Catalent ( CTLT ) president and CEO
Alessandro Maselli said on Monday he will stay on as the
contract drugmaker's chief after it is acquired by Novo
Holdings, the controlling shareholder of weight-loss drug
manufacturer Novo Nordisk.
Maselli's open letter comes on the back of criticism over
Novo Holding's acquisition of Catalent ( CTLT ), which U.S. consumer
groups believe could threaten competition in weight-loss drugs
and cutting-edge gene therapies.
Catalent ( CTLT ) will operate as an independent contract drugmaker
even after the acquisition, Maselli reiterated, adding that he
wanted to "correct a few key inaccuracies that have been
reported" about the acquisition.
Several U.S. consumer groups and two large labor unions last
week urged the U.S. Federal Trade Commission to block the $16.5
billion deal, which Novo Holdings has said would boost supply of
Wegovy, Novo's blockbuster GLP-1 injectable weight-loss drug.
(Reporting by Leroy Leo in Bengaluru; Editing by Shinjini
Ganguli)