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Novartis CEO Circumspect About Biotech Bargains

As Renowned Analyst Ronny Gal Jumps Aboard

 
• By Kevin Grogan

Vas Narasimhan tells Scrip that a return to sensible valuations of biotechs could lead to increased deal-making but cautions that a number of those companies that went public "may not have been mature enough with their science” and their true value remains unclear.

Vas Narasimhan
Vas Narasimhan • Source: Novartis

The biotech bubble bursting has created more affordable options for big pharma to tap into innovation in that sector, but Novartis AG CEO Vas Narasimhan says that the Swiss major will tread carefully when it comes to M&A or partnerships.

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