Novartis AG outlined the details of its spin-off plans for its generics and biosimilars business Sandoz on 18 August, revealing the financial terms for the big pharma’s shareholders and the date of the official separation: 4 October. Shareholders will vote on the plan at an extraordinary general meeting scheduled for 15 September.
The Swiss pharmaceutical giant has been grappling for some time with just how it could focus its resources on innovative drug development while allowing investors to benefit from the efforts...
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