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Sandoz Sets Out Solid Growth In First Standalone Results

Biosimilars Help To Drive 9M Increases; Firm Also Issues CHF750m In Inaugural Bonds

 
• By Dave Wallace

Reporting its first results as a standalone company, Sandoz has delivered double-digit growth in biosimilars for the first nine months of 2023, helping to lift the overall business as generics also enjoyed a more modest increase.

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Sandoz has reported growth as it delivered 9M results • Source: Shutterstock

Sandoz has delivered its first results as a standalone company, reporting overall growth of 5% – and 6% at constant currencies – for the first nine months of 2023.

Key Takeaways

  • Sandoz has reported sales growth of 5% (+6% cc) to $7.10bn in the first nine months of 2023.

  • Biosimilars grew by 10% (+11% cc) to $1.59bn and generics by 3% (+5% cc) to $5.51bn

Reporting the results just a few weeks after its 4 October spinoff from former parent company Novartis, Sandoz highlighted that biosimilars had enjoyed double-digit sales growth of 10% as reported (+11% cc) to $1.59bn, while turnover from generics grew by 3% (+5% cc) to $5.51bn

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