Sandoz sale marks paradigm shift for big pharma

25 August 2022

As had long been expected, Novartis (NOVN: VX) has announced plans to hive off its generics business, Sandoz, creating a new publicly-traded company.

The outcome had been widely anticipated, after the firm announced a strategic review in October 2021, confirming in subsequent statements that the unit’s future was under discussion.

The standalone Sandoz will aim to be the leading European generics company as well as “a global leader in biosimilars,” Novartis said.

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