Catalent gains amid report of cancellation from June conference

Catalent (NYSE:CTLT) rose 7% amid reports that the contract research firm canceled out of a William Blair conference in June.

Catalent (CTLT) canceled it appearance at the William Blair growth conference in Chicago in early June due to the recent departure of its chief financial officer and a CEO scheduling conflict, according to traders. Catalent (CTLT) and William Blair didn't immediately respond to Seeking Alpha email request for comment.

The Catalent (CTLT) stock move comes after recent speculation that Danaher (NYSE:DHR) may still be interested in a takeover even after a report last Monday that the life-science company ended its pursuit. Catalent (CTLT) shares plunged 27% on April 14 after the company announced the departure of its CFO and that issues will will materially and adversely impact financial results for FQ3 and its outlook for the remainder of the FY 2023.

Comments that Danaher (DHR) made on its Q1 earnings call on Tuesday appeared to indicate that the company could still be interested in a Catalent (CTLT) purchase, Gordon Haskett highlighted in a note on Wednesday.

Bloomberg reported in February that Danaher had expressed interest in acquiring the Catalent (CTLT).