Set free Sandoz seeks boost from product launches

9 June 2023

Sandoz, the generics and biosimilars unit of Novartis (NOVN: VX), has outlined an ambitious plan for its newly-independent future once the spin-out from its parent is complete.

Talking to the investment community at its inaugural capital markets day in New York, the company said it expected to bolster its existing revenues with a peak contribution of $3 billion from new launches over the next five years.

The company's strategy involves a shift towards complex generics and biosimilars.

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