Novartis announces widely expected Alcon spinoff, plus $5B share buyback, to strengthen focus on biopharma

29th June 2018 Uncategorised 0

Novartis CEO Vas Narasimhan made an earlier-than-planned decision to spin off eye unit Alcon next year. Alcon could be worth up to $35 billion, and the transaction will allow the company to focus on high-margin biopharma development.

More: Novartis announces widely expected Alcon spinoff, plus B share buyback, to strengthen focus on biopharma
Source: fierce