Lil­ly CEO rais­es con­cerns about No­vo-Catal­ent buy, call­ing the No­vo Nordisk deal ‘un­usu­al’

Eli Lil­ly has ex­pressed reser­va­tions about the No­vo-Catal­ent deal and its po­ten­tial im­pact on the wider man­u­fac­tur­ing in­dus­try.

“Giv­en the na­ture of this trans­ac­tion — a ver­ti­cal in­te­gra­tion where the client list of Catal­ent might num­ber in ex­cess of 100 en­ti­ties, all of which plan to com­pete in some way with No­vo Nordisk — it sets up for an in­ter­est­ing in­quiry by every­body [in­clud­ing] politi­cians,” CEO David Ricks said in an in­ter­view with the Fi­nan­cial Times.

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