Revamped Novartis In Good Shape At 3Q Ahead Of CEO Succession

Novartis beat third-quarter forecasts, flagged its strengthening drug portfolio, and said its CEO transition remains on track for February 2018, but a decision on its eye care division awaits.

Successive Biz concept
Novartis' Outgoing CEO Says Handover On Track, Company Advancing • Source: Shutterstock

Novartis AG's out-going CEO Joe Jimenez said the revamped diversified Swiss group is running smoothly, with growth fueled in the third quarter by new therapies and improved performances by generics division Sandoz and its Alcon unit.

But a decision on either spinning-off or listing of the troubled eye care division would now be decided in the...

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