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Lonza Group: Strong CDMO demand, margin focus, and disciplined M&A drive growth amid tightening capacity

CDMO demand remains robust, with strategic focus shifting to pure-play operations and disciplined M&A. Specialized Modalities rebounded in 2026, while Integrated Biologics growth aligns with capacity cycles. Margin and free cash flow improvements are prioritized, and industry supply-demand is expec…

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