1. Pink Sheet

Novartis Seems Close to Consumer Health Sale – Analyst

 
• By Lisa LaMotta

Novartis CEO Joe Jimenez made clear the firm is considering divesting its consumer product, animal health and vaccines and diagnostics business, Sanford and Bernstein analysts say. “It seems that Novartis will be making final decisions with these units fairly soon,” they say.

Novartis AG is considering selling its Consumer Health unit, and Johnson & Johnson and Sanofi top the list of firms potentially interested in acquiring the business with OTC brands including Excedrin, Prevacid, Theraflu and Triaminic, according to market analysts.

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