Banc Sabadell | From the meeting held by the management of Laboratorios Rovi (ROVI) to explain the acquisition of a CDMO plant in the United States, we highlight the following messages: They do not expect the CDMO plant to be accretive to earnings for a couple of years, but they do expect a significant increase in profitability with the entry of new customers in the pre-filled syringe line. In any…

Bankinter | The company is acquiring a drug manufacturing plant in the United States. The seller of the plant is Bristol Myers Squibb, and it is located in Phoenix, Arizona. Rovi has signed a manufacturing agreement with Bristol Myers Squibb for an initial term of five years and a minimum payment of $50 million for each year of the contract. The purchase price has not been disclosed, but according to…

Banco Sabadell | According to press reports, the FDA is planning to publish a report linking the deaths of 25 children to Covid vaccines. Assessment: Negative news due to the ‘noise’ it generates around vaccine manufacturers, something that has become commonplace since Trump appointed Robert F. Kennedy (a well-known anti-vaccine advocate) to head the FDA. We continue to believe that vaccination rates in the US, once the endemic phase has…