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Although no formal deal has closed, analysts speculate an acquisition could be imminent, especially in the wake of divestitures from its COVID-era portfolio.[5] , [6] (2024): Novo Nordisks Expansion via Catalent Deal Novo Nordisks US$16.5 billion acquisition of Catalents fill-finish facilities demonstrates another angle of strategic M&A, ensuring capacity for GLP-1 manufacturing and reducing supply chain risks amid skyrocketing demand.[7] Beyond Big Pharma: Biotechs Role as Innovation Engines Small- to mid-cap biotech firms are proving essential in advancing the next frontier of GLP-1 therapies

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