Novartis Shareholders Give Green Light To Sandoz Spinoff

Separation Of Standalone Generics And Biosimilars Firm Expected To Proceed On 4 October

At an extraordinary general meeting held earlier today, Novartis shareholders gave the go-ahead for the spinoff of the Sandoz generics and biosimilars business, paving the way for a formal separation on 4 October.

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Novartis shareholders have given the go-ahead to spin off Sandoz • Source: Shutterstock

After more than a year of planning, Novartis shareholders have given the green light for the company to spin off its Sandoz unit, paving the way for Sandoz to become a standalone generics and biosimilars business “on or around” 4 October.

“At an extraordinary general meeting held today, Novartis shareholders approved the proposed 100% spinoff of Sandoz, the generics and biosimilars...

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