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...Big share price moves in Europe today include Portuguese oil exploration company Galp, Dutch lender ABN Amro and Swiss pharma group Sandoz: Galp Energia: Shares soared 19 per cent a day after it reported...
...In a statement, Sandoz called AbbVie’s continued dominance “the epitome of a dysfunctional market”....
...Each Novartis investor will receive one Sandoz share for every five Novartis shares they hold....
...“The operational separation [of Sandoz] has been absolutely achieved,” he said. “We are transactionally totally ready.”...
...The $244bn Swiss group posted more than $45bn in sales, with core operating income earnings coming to $16.3bn, in a year in which it completed a spin-off of its consumer health division Sandoz....
...The Swiss group is a cleaner proposition after spinning off its generics business Sandoz in October. But there is no time to stand still. Narasimhan must show that Novartis can increase revenues....
...Sandoz, for instance, is focused instead on developing generic versions of more profitable, innovative drugs that are approaching the end of their patent, Saynor says....
...Novartis: Shareholders in the Swiss drugmaker will vote on whether to spin off its Sandoz generics business, valued at up to $25bn....
...The results focus on the remaining business, focused on innovative drugs, after Novartis spun out its generics division Sandoz this month....
...As part of that plan, the company is spinning off its generics drugs division Sandoz....
...Novartis also said its board of directors has “unanimously” endorsed the total spin-off of generics division Sandoz, first announced last year....
...Even better, they were getting calls from buyout giants such as Blackstone, KKR and Carlyle as they plotted a $25bn carve-out of Sandoz from Novartis and soon would have a surprise deal, Elon Musk’s $44bn...
...Founded by the Sandoz family, the business was one of two that merged to create Novartis in 1996....
...Founded by the Sandoz family, the business merged with Ciba-Geigy to create Novartis in 1996....
...Novartis: Shareholders of the Swiss drugmaker will vote on whether to spin off its generics business Sandoz, with an estimated valuation of up to $25bn. The board has unanimously backed the proposal....
...Adobe Q3, IG Group Q1 trading update, John Lewis Partnership H1, Kier Group FY, M&C Saatchi H1, THG H1, Trainline H1 trading update Friday Novartis holds extraordinary shareholders meeting to vote on Sandoz...
...Novartis recently said it would spin off its generic drugmaking business Sandoz....
...Washington, DC, also working with the Breast Cancer Taskforce at the National Cancer Institute of the NIH, the Harvard School of Public Health Aids Initiative and consulting for Swiss pharmaceutical company Sandoz...
...A Sandoz insider said discussions about the unit had been continuing for years, and estimated the unit was worth between $20bn and $30bn....
...Sandoz’s peers Teva and Viatris trade on an enterprise value-to-forward ebitda multiple of 6.4 times. If Sandoz was valued similarly, it would be worth just $15bn. But Sandoz deserves a higher rating....
...They added there was a carve-out process under way to separate the financials of Sandoz....
...Sandoz, one of the largest generic antibiotics makers, said it had increased production of drugs by a double-digit percentage in 2022, hiring 140 new people since September....
...The case for splitting off Sandoz is not conclusive. A push by Narasimhan to make Sandoz’s manufacturing and other operations independent of Novartis is nearly complete....
...Swiss drugmaker Novartis has launched a strategic review of its generics business Sandoz, which might lead to the division being spun off....
...Paul Leech and Todd Sandoz, who have co-led Barclays’ equity trading unit since 2020, are leaving the UK lender, according to Bloomberg....
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