Novartis has announced that the long-awaited spinoff of Sandoz as a standalone generics and biosimilars business is expected to take place “on or around 4 October,” as the parent company shared further details and resources ahead of an extraordinary general meeting in September.
Sandoz Sets Date For Spinoff
Further Details Unveiled As Novartis Issues EGM Invitation For 15 September
Novartis says its spinoff of Sandoz is set to occur “on or around 4 October” following recent board approval for the move. The company has now published a formal invitation to an EGM on 15 September, along with a shareholder information brochure and listing prospectus.
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