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Novartis Weighs Synergies, Spending And Tax Under Sandoz Review

‘We Believe The Generics Market Is Attractive,’ Novartis Says

 
• By Dean Rudge

Novartis gave further color during its Q3 earnings call on its plans to conduct a strategic review for its Sandoz business. The Street also had its say, following years of calls by investors for Novartis to weigh Sandoz’ future as part of the group.

Novartis picture
Novartis is set to complete the review by the end of 2022 • Source: Alamy

The synergies and discord between holding both innovative and generics businesses, the most optimum allocation of capital and differing tax implications form the core of Novartis’ current thinking around its plans to conduct a strategic review of its $10bn Sandoz generics and biosimilars business, including for a potential divestment.

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