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Sandoz Says All Options Still Open After Spinoff Rumors

Unconfirmed Report Suggested Novartis Was Favoring Separate Listing Over Sale

 
• By Dave Wallace

Sandoz has responded to recent rumors that parent company Novartis is favoring a spinoff of the generics and biosimilars business over a sale or retention, insisting that “all options remain open” as a strategic review of the unit continues.

Paper aeroplane spin
Recent reports have suggested a spinoff is on the cards for Sandoz • Source: Shutterstock

Sandoz has confirmed that all options are still on the table for the generics and biosimilars business as Novartis continues a strategic review of the unit, following a recent report that a spinoff of Sandoz was now the favored outcome for the parent company, rather than a sale or retention.

A report in Bloomberg citing “people familiar with the matter” claimed that Novartis was leaning toward a spinoff for Sandoz in light of the current challenging environment for buyout deals. (Also see "Global Uncertainty Is Impacting Deal-Making, Investment Decisions" - Scrip, 2 April, 2022

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