Sandoz Expects ‘Trough Year’ In 2023 As It Counts Cost Of Spinoff

Novartis Management Outlines Path Ahead For Sandoz As It Prepares To Separate

Sandoz is set for a “trough year” in 2023 as the generics and biosimilars unit faces costs linked with its spinoff from parent company Novartis that will erode its core operating income.

Finger drawing curve upwards
Sandoz expects a trough for operating income in 2023, followed by growth • Source: Shutterstock

More from Earnings

More from Business