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What Will Novartis Do With $13bn Cash Pile From GSK?

 
• By Kevin Grogan

The Swiss major has divested a non-core asset at a decent price and its eye care unit Alcon could be next under the hammer as CEO Vas Narasimhan looks at bolt-on acquisitions to create "the leading medicines company, powered by digital and data."

Money
More money for Novartis' warchest • Source: Shutterstock

Novartis AG CEO Vas Narasimhan has only been in the hot seat for a couple of months but is wasting no time in transforming the firm into a pure pharma player, selling its stake in a consumer healthcare joint venture with GlaxoSmithKline PLC for $13bn.

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