CEO Vas Narasimhan has used Novartis AG’s second-quarter investor call to speak about his capital-disciplined approach to mergers and acquisitions, the attraction of early-stage deals and why the Swiss major is more interested in underserved therapeutic areas rather than joining the obesity drug race.
Narasimhan Playing The Long Game At Novartis
The head of the Basel-headquartered giant is no fan of bidding wars when it comes to dealmaking. "If we are outbid and it’s not within our envelope, we just walk away and we’re okay with that.”
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