financetom
Business
financetom
/
Business
/
Novartis opens new plant in California to make cancer drugs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novartis opens new plant in California to make cancer drugs
Nov 10, 2025 7:07 AM

(Reuters) -Swiss drugmaker Novartis said on Monday it has opened a new 10,000-square-foot factory in Carlsbad, California, to make cancer treatments, as part of its pledge to invest billions into building U.S. sites.

The plant will produce radioligand therapies, which are drugs that deliver cell-killing radioactive particles directly to tumors, the company said. Novartis already markets radioligand drugs Pluvicto for prostate cancer and Lutathera for rare gastrointestinal tumors.

The new factory will speed up and stabilize delivery of radioligand therapy doses to patients across the western U.S., Alaska, and Hawaii, Novartis said.

Novartis in April pledged $23 billion to build and expand 10 facilities in the U.S., as it grappled with renewed threats of drug import duties from the Trump administration.

The company said it planned to build six new manufacturing plants, some of which will make raw pharmaceutical ingredients, as well as a new research and development site in San Diego, California.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soleno Therapeutics Insider Sold Shares Worth $10,709,353, According to a Recent SEC Filing
Soleno Therapeutics Insider Sold Shares Worth $10,709,353, According to a Recent SEC Filing
Apr 1, 2025
03:26 AM EDT, 04/01/2025 (MT Newswires) -- Patricia C Hirano, Senior Vice President, Regulatory Affairs, on March 27, 2025, sold 156,315 shares in Soleno Therapeutics ( SLNO ) for $10,709,353. Following the Form 4 filing with the SEC, Hirano has control over a total of 30,818 common shares of the company, with 30,818 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1484565/000141588925009291/xslF345X05/form4-03312025_110320.xml ...
Excelerate Energy Prices Upsized $184.3 Million Share Offering
Excelerate Energy Prices Upsized $184.3 Million Share Offering
Apr 1, 2025
03:26 AM EDT, 04/01/2025 (MT Newswires) -- Excelerate Energy ( EE ) said late Monday it priced an upsized underwritten public offering of $184.3 million of class A shares at $26.50 apiece. The company is offering nearly 7 million class A shares in the offering, which was upsized from the initial $150 million. The firm has granted underwriters a 30-day...
BRIEF-Inventec Plans To Sign Joint Agreement With AMD To Sell Its Stake In ZT Group To AMD
BRIEF-Inventec Plans To Sign Joint Agreement With AMD To Sell Its Stake In ZT Group To AMD
Apr 1, 2025
April 1 (Reuters) - Inventec: * : PLANS TO SIGN JOINT AGREEMENT WITH AMD TO SELL ITS STAKE IN ZT GROUP INTERNATIONAL TO AMD FOR T$13.4 BILLION ($403.6 MLN) Source text: Further company coverage: ...
TABLE-Asian physical rubber prices - April 1
TABLE-Asian physical rubber prices - April 1
Apr 1, 2025
April 1 (Reuters) - Grade Prices Thai RSS3 (May) 79.84 baht/kg Thai STR20 (May) 71.50 baht/kg Thai 60-percent latex (bulk/May) 51.87 baht/kg Malaysia SMR20 (May) N/A Indonesia SIR20 N/A NOTE: Prices are sourced from the Rubber Authority of Thailand, the Malaysian Rubber Board, the International Rubber Consortium, and a private Thai website that collates auction prices. (Reporting by Sarah Qureshi...
Copyright 2023-2026 - www.financetom.com All Rights Reserved