When it comes to expanding radiotherapy manufacturing capacity for Lutathera and Pluvicto, Novartis is putting its money where its mouth is.
The Swiss pharma is building a new radiotherapy production facility in China with an investment of more than 600 million Chinese yuan ($84.6 million), the company said (Chinese) Friday.
The new plant is located in Haiyan in the Zhejiang province about 60 miles from Shanghai. Pending regulatory approvals, the plant is expected to be operational for local production in 2026, Novartis told Fierce Pharma. The company declined to comment on the volume of capacity at the site.