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Novartis Sale Of US Oral Generics Unit Seems Unlikely

 
• By Kevin Grogan

The Swiss giant's Sandoz division is exploring options for its underperforming US oral generics unit but reports that it may be considering a sale of the latter go against Novartis' previous comments and observers are struggling to see the rationale behind such a move.

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Sandoz is weighing up options for its US oral generics business • Source: Shutterstock

Novartis AG is looking at ways of turning around the fortunes of the US operations at its Sandoz division but the option of selling off its generic pills business across the Atlantic, which a Reuters report claims is under consideration, has raised eyebrows among observers.

The news agency, citing unnamed sources who are familiar with the matter, reported that a sale process for the unit...

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