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Novartis Sees Space For Sandoz But In A Slimmer Streamlined Form

 
• By Aidan Fry

Sandoz has a place within Novartis as a more autonomous unit, the Swiss group’s CEO Vas Narasimhan says. But the generics and biosimilars division will have to sharpen up, aided by a 7% workforce cut.

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Sandoz Must Become More Streamlined • Source: Shutterstock

“Sandoz is going to be part of Novartis,” the Swiss group’s CEO Vas Narasimhan assured the audience during a recent investors’ day held in Boston, US. But while he played down suggestions that the Sandoz generics and biosimilars division could be spun-off in a similar way to the fortunes of ophthalmics division Alcon, he said major operational reforms were underway “to get the business in a strong position to be a leading generics company.”

During the same event, stand-in Sandoz head Francesco Balestrieri announced “a workforce reduction of about 7% worldwide to make our cost structure more efficient going forward

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