Novartis expects $1 billion savings from lean new operating model
Swiss pharma giant Novartis (NOVN: VX) has announced the introduction of a new, simpler organizational structure and operating model.
The group said the changes, which includes reforms to the executive committee, are designed to “support the company’s innovation, growth, and productivity ambitions as a focused medicines company in the coming decade.”
The simplified structure will see the pharmaceuticals and oncology business units being combined into an “Innovative Medicines” business, with separate US and international commercial organizations.
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