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.

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