Brexit: Novartis warns of 'huge impact' of no-deal

Novartis (NOVN: VX) added the voice of a pharmaceutical industry giant to those from retail and aerospace in warning about a no-deal Brexit on Monday.

Bosses of Airbus, Sainsbury’s and McDonald’s are among those who have warned Westminster in recent days about the implications of the UK leaving the European Union (EU) without a deal on March 29.

The risk of a no-deal scenario has been increased by Parliament’s failure to vote through a deal to date, with a Novartis statement warning: “This will be hugely impactful for patients, particularly around the supply and safety of medicines.”