Sandoz Says All Options Still Open After Spinoff Rumors

Unconfirmed Report Suggested Novartis Was Favoring Separate Listing Over Sale

Sandoz has responded to recent rumors that parent company Novartis is favoring a spinoff of the generics and biosimilars business over a sale or retention, insisting that “all options remain open” as a strategic review of the unit continues.

Paper aeroplane spin
Recent reports have suggested a spinoff is on the cards for Sandoz • Source: Shutterstock

Sandoz has confirmed that all options are still on the table for the generics and biosimilars business as Novartis continues a strategic review of the unit, following a recent report that a spinoff of Sandoz was now the favored outcome for the parent company, rather than a sale or retention.

A report in Bloomberg citing “people familiar with the matter” claimed that Novartis was leaning toward a spinoff for Sandoz...

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