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‘No Decision’ On Sandoz As Novartis Continues To Explore Options

Update To Strategic Review Likely By The End Of The Year

 
• By Chloe Kent

Novartis said it had so far made “no decision” as it continues to consider numerous options for Sandoz, from retaining the business to separation, in order to maximize value for shareholders and capitalize upon the growing autonomy of its generics business.

Man standing among swirling arrows pointing in different directions
Novartis has many decisions to make as it decides Sandoz's fate • Source: Alamy

Novartis will “continue to evaluate the options” regarding its Sandoz unit but has so far made “no decision” on the division’s future, company CEO Vasant Narasimhan has announced at the virtual J.P. Morgan Healthcare Conference, after it commenced a strategic review of the ownership of its $10bn generics business in October last year.

At the time, Narasimhan said Novartis was aiming to provide a progress update toward the end of 2022. Novartis said that “the review will explore all options, ranging from retaining the business to separation, in order to determine how to best maximize value for our shareholders

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