Novartis to spin off Sandoz, checklist it in Zurich

Completion was envisioned in the 2nd 50 percent of subsequent 12 months, the Swiss pharma team said.

Arnd Wiegmann | Reuters

Novartis reported on Thursday it would spin off Sandoz and list it on the Swiss inventory exchange to generate the No.1 European generics enterprise.

“For equally the impressive medicines and Sandoz companies, the spin-off would allow enhanced emphasis and the potential to pursue impartial expansion tactics,” the Swiss pharma group claimed in a assertion.

Completion was predicted in the 2nd 50 percent of upcoming calendar year, it extra.

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