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Novartis Hikes Sandoz Sales Guide As Separation Edges Closer

As Sandoz Biopharm Contact Manufacturing Unit Moved To Novartis IM Segment

 
• By Dean Rudge

Novartis reported 8% top-line growth for its Sandoz unit during the first quarter of 2023, one of the last before it is separated into a standalone company.

Guidance word written on wood block. Guidance text on table, concept.
• Source: Shutterstock

With the clock ticking on Sandoz’s place within its operations, Novartis has ratcheted up its generic and biosimilar division’s full-year revenue guidance for 2023, after Sandoz’s sales climbed by 8% in constant currencies in the first three months of the year.

Having previously laid out a forecast for Sandoz’s top line to show low- to mid-single digit growth in CC in 2023, Novartis now expects

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